Economy / South Korea
BoK Likely To Raise Rates In August
July 2008 | Economic AnalysisBMI View: We believe the Bank of Korea will be forced to raise the base rate by 25bps at its next meeting in August in order to stem inflationary pressure and give support to the government's new 'strong won' policy. A failure to address rising inflationary pressure carries considerable risks for both macroeconomic stability and the won, which we believe will be maintained around KRW1,000/US$ over the short term.
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