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Search resuls for: "Cynthia Kim Joori Roh"


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☆ S.Korea delivers another big hike but offers dovish hints
  + stars: | 2022-10-12 | by ( Cynthia Kim Joori Roh | Cynthia Kim | Joori Roh | ) www.reuters.com   time to read: +4 min
Joo and Shin voted for a smaller hike in the rate, Rhee said in news conference, but did not elaborate on their views. Twenty-three of 26 analysts expected the bank to go for a half-point hike in a Reuters poll, while the remaining three expected a quarter-point hike. The median forecast in the poll showed the BOK's base rate going to 3.25% by year-end and then peaking at 3.50% in the first quarter of 2023. Almost half of respondents in the Reuters poll expected the base rate to reaching 3.75% in the first quarter of next year. After Wednesday's rate hike, the Korea Federation of Small- to Medium-sized Enterprises expressed "serious concern" about higher rates.
☆ S.Korea delivers another big hike as Fed rates sink local currency
  + stars: | 2022-10-12 | by ( Cynthia Kim Joori Roh | Cynthia Kim | Joori Roh | ) www.reuters.com   time to read: +3 min
The Bank of Korea (BOK) raised its benchmark policy rate (KROCRT=ECI) by 50 basis points to 3.00% on Wednesday, bringing total rates hike since August last year to 250 basis points. Twenty-three of 26 analysts expected the bank to go for a half-point hike in a Reuters poll, while the remaining three expected a quarter-point hike. "The 50 bp hike today was the BOK's response to the sinking won, it seems." South Korea's three-year treasury bond futures fell after the BOK's statement on the decision. The median forecast in the poll showed the BOK's base rate going to 3.25% by year-end and then peaking at 3.50% in the first quarter of 2023.
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