A warning for the Bank of Korea meeting today. It is on the calendar for 01:00 GMT, as is the expected result of +25bp, from 2.25% to 2.5%:
Preview of the ANZ excerpt:
“We expect the BoK to rise 25bps. Overall, we maintain that the BoK’s rate hike cycle will end in 2022; we have forecast 25bp hikes at each of its three remaining policy meetings. (August, October and November) this year, bringing the key rate to 3.0%”.
And, from ING:
“We expect the BoK to hike rates by 25 basis points. On the same day, the BoK will release its latest economic outlook. currently, while the CPI inflation outlook is expected to rise sharply to 5.3% from 4.5%.Consumer and business surveys are also likely to worsen as recent flooding across the national will likely have an impact on sentiment.