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VIEW: Goldman Sachs Affirm Base Case

BOK

In the wake of yesterday’s BoK decision Goldman Sachs note that “the new BoK Governor kept a hawkish stance over the near-term given a clear upside for inflation in coming months, while taking a data-dependent stance beyond the near-term in consideration of emerging yet uncertain downside risks to growth. We continue to expect two more 25bp policy rate hikes, most likely in July and October, to 2.25% by year-end, followed by another 25bp hike in early 2023.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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