Economy / South Korea
BoK Hike: A Vote Of Confidence
July 2006 | Economic OutlookBMI View: The Bank of Korea essentially upgraded its economic outlook in hiking interest rates by 25bps in June, and policymakers have indicated that additional monetary tightening is still to come. As healthy economic growth continues (real GDP grew 6.2% y-o-y in Q106), BMI foresees at least one more 25bps rate hike during H206, in the face of rising inflationary
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