Bank of Korea Freezes Base Rate Amid Tightening Signals... July Hike Possibility Increases

Despite the Bank of Korea's Monetary Policy Committee freezing the base rate for the eighth consecutive time, the securities industry assesses that the overall monetary policy stance has clearly tilted towards rate hikes, with a July increase becoming more likely, based on the meeting's content and the governor's remarks. The market perceived the outcome as more hawkish than expected, notably due to two MPC members issuing a minority opinion for an immediate hike, breaking the unanimous freeze.

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