Bank of Korea minutes show possible policy rift on back-to-back rate hikes
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7 Articles
Global Market: Bank of Korea signals caution ahead after split rate vote
The Bank of Korea’s August rate hike exposed a growing policy divide, with one policymaker voting against the increase and favouring a pause. While inflation and financial stability risks support tighter policy, concerns over economic growth and rising loan delinquencies could make the central bank more cautious about further rate increases.
Bank of Korea minutes show possible policy rift on back-to-back rate hikes
The Bank of Korea's decision to carry out back-to-back interest rate hikes in August was a more contentious affair than the headline vote suggested, meeting minutes released on Tuesday showed, signaling divisions that could slow the future tightening pace.
The Bank of Korea's Monetary Policy Committee raising the base interest rate in August, following July, is due to concerns over rising inflationary pressures expected for a considerable period amidst expectations of strong growth until next year.
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