Economist at UOB Group Lee Sue Ann notes the BoK might hike rates by 25 bps at its subsequent conferences in August, October and November.
Key Quotes
“On the belief that inflation will peak in 2H22, we preserve our forecast for the BoK to revert to 25bps hike for the remaining conferences this 12 months in Aug, Oct and Nov to carry the benchmark base fee to three.00% by year-end.”
“With an anticipated moderation in inflation fee subsequent 12 months, the BOK is prone to keep on maintain thereafter, and even start to trim rate of interest ought to development dangers mount.”
