BoK says board members Ryoo and Chang dissented to Thursday's rate decision and called for a rate hike
News detail
BoK dot plot showed 10 of 21 policy rate projections by board members for next six months at 3.00% 7 of 21 policy rate projections by board members for next six months at 2.75% 2 of 21 policy rate projections by board members for next six months at 2.50% 2 of 21 policy rate projections by board members saw rates at 3.25% within six months Board will decide the timing of any rate hikes To assess the extent of the increase in inflationary pressure, the improvement trend in the domestic economy, and financial stability Necessary to continue to pay attention to high exchange rate volatility Both high upside and downside risks along the future growth path Necessary to continue to pay attention to conditions regarding housing market and household debt Uncertainty includes degree of spillovers from chip boom to consumption
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