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26th Nov 2021 00:00China+, Economic Monitor, Asia Key Issues

  • The Bank of Korea hiked as expected, taking the policy rate to 1.00%, from 0.75%.

    Further hikes were made conditional on a plethora of factors, providing plenty of wriggle room.

    We expect a pause until mid-2022, as Covid cases spike, and with an election looming in March.

bank bank of korea bok consumer consumer credit core core inflation credit election food growth h2 household inflation inflation expectations korea mortgage oil rates remain supply supply chain

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Keywords for: An Expected Hike from the BoK, and Now a Long Pause

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