Thursday, November 30, 2017

The Bank of Korea (BOK) increased its benchmark policy rate by 25bp to 1.5%, the first hike since 2011. Stronger growth, curbing of household debt, and upcoming Fed hikes contributed to the decision. Inflation remaining near target and downside risks suggest BOK will be on hold until H2 2018. 

IIF Authors

Kevin Sanker

Kevin
Sanker
Economist
+1-202-857-3314
ksanker@iif.com

Bejoy Das Gupta

Bejoy Das Gupta
Bejoy
Das Gupta
Chief Economist
+1-202-857-3649
bdasgupta@iif.com

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