％South Korea Government Bond 10Y
KR-10Y
▲ PositiveMonetaryrelevance
BOK hikes and signals more, supporting yields
Impact on stocks 2
Others
％ECB rates
ECBRATES
Mentioned
Bank of Korea Front-Loads Hikes as Won Consolidates
MacroDigital Finance
Commerzbank reports that the Bank of Korea has delivered back-to-back 25 basis point hikes, bringing its policy rate to 3.0%, as it front-loads tightening amid rising growth and core inflation forecasts. The bank signals one more hike over the next six months but may pause to assess the effects of its actions. The South Korean won is consolidating as the central bank's aggressive stance supports the currency.
BOK hikes and signals more, supporting yields