Bank Of Korea To Hike Rates A Little Further
Country Risk / South Korea / Thu 25 Aug, 2022
Key View
- On August 25 2022, the Bank of Korea decided to hike its benchmark policy rate hike by 25bps to 2.50%, and we at Fitch Solutions continue to expect the base rate to reach 3.25% by end-2022, before being left on hold in 2023.
- Inflation is set to remain well above the central bank’s target of 2.0% over the coming months, and the South