The Bank of Korea raised its key policy rate by 25bps to 0.75%
Reuters have a recap up on the move, that was expected by 16 of 30 analysts it had]= surveyed, a bare majority.
Reuters point to comments from Citi:
- "BOK's concerns about financial imbalances may outweigh the downside risk to economic growth from the Delta variant," said Kim Jin-wook, an analyst at Citibank said in a report ahead of the decision.
- "We now bring forward the timing of our second hike call to 1.00%, to November 2021 from January 2022."
