The rate hike was widely expected.
BOK revised forecasts:
- see inflation to 4.5% this year, up from the previous projection 3.1%
- see inflation at 2.9% in 2023, previously 2.0%
- GDP +2.7% in 2022 (prior 3%) & +2.4% in 2023
The rate hike was widely expected.
BOK revised forecasts:
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