South Korea: BoK seen on hold next week – UOB

The Bank of Korea (BoK) is expected to pause its hiking cycle at the October meeting, and instead delivering another hike in November.

Key Takeaways

“We expect the BoK to pause in October before delivering another 25bps rate hike in November (the last meeting for 2021).”

“High growth in household loans and property prices will keep the BoK’s focus on prevention of financial imbalances as long as the economy stays on the path of recovery.”