South Korea: BoK seen on hold at its meeting this week – UOB

The Bank of Korea is expected to keep its policy rate unchanged later on this week, suggested Lee Sue Ann, Economist at UOB Group.

Key Quotes

“We expect the BoK to be on hold through 2021.”

“The key risks to our view will be a sharp acceleration in inflation. The rapid rise in household credit and property prices will also continue to warrant attention but are unlikely to push the BoK to start normalising this year.”