BoK says rate decision was unanimous and growth rate this year is expected to considerably surpass the May forecast of 2.6%, will assess timing of further increase in inflation pressure, improvement trend in the economy and financial stability

Says: Need to monitor high exchange rate volatility, the housing market and household debt growth. Household loans increased substantially. Uncertainties remain regarding the semiconductor sector, developments in the Middle East and changes in the trade environment. Pace of increases in house prices in Seoul and its surrounding areas accelerated. Core inflation for this year is likely to be somewhat higher than the previous forecast of 2.4%.