BoK says today's rate decision was unanimous, while the timing and pace of further rate hikes will depend on inflation, economic conditions and financial stability.
The Bank of Korea reported a unanimous rate decision and said future hike timing and pace depend on inflation, economic conditions and financial stability, while noting risks and expected export and investment growth.
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It is essential to assess domestic and external risks and the impact of the previous two rate hikes. Expects inflation to remain above its target for an extended period. Stock price volatility has increased amid concerns over slowing semiconductor sector profitability and investment. Financial imbalances related to the housing market and household debt require continued attention. Expects exports and investment to sustain strong growth.
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