Bank of Korea Joins the Tightening Trend With Rate Hike

The transcript discusses a split vote among economists on a potential interest rate hike, influenced by the pending installation of a new governor. It highlights inflation concerns in Korea, with rates exceeding targets, prompting policy considerations. The committee has raised rates thrice and is contemplating further hikes, with future guidance expected at a press conference.

What was the main reason for the split vote among economists regarding the interest rate hike?

• The inflation rate is below target.

• There is a surplus in the budget.

• The new governor has not been installed yet.

• The economy is in recession.

What was the inflation rate projection for Korea in February?

• 2%

• 3%

• 4%

• 5%

By how much has the inflation rate increased compared to the February projection?

• 2%

• 1%

• 0.5%

• 1.1%

What is the target inflation rate set by the committee?

• 1%

• 2%

• 4%

• 3%

What is the committee likely to discuss in their press conference?

• Future interest rate hikes

• Employment rates

• New tax policies

• Trade agreements