Bank Of Korea: Inflation Expected To Remain Elevated, Signals Further Tightening To Depend On Data
* Rate Decision Was Unanimous * Sees 2026 Growth Considerably Exceeding May Forecast Of 2.6% * Inflation Expected To Remain High For A Considerable Time And Above Target * Will Assess Timing Of Further Rate Hikes Based On Inflation, Domestic Economic Recovery And Financial Stability * Says Necessary To Monitor High FX Volatility * Says Household Loans Increased Substantially * Says Pace Of House Price Increases In Seoul And Surrounding Areas Has Accelerated * Says Need To Monitor Housing Market And Household Debt Growth * Cites Uncertainties Around Semiconductor Sector, Middle East Developments And Trade Environment
* Rate Decision Was Unanimous * Sees 2026 Growth Considerably Exceeding May Forecast Of 2.6% * Inflation Expected To Remain High For A Considerable Time And Above Target * Will Assess Timing Of Further Rate Hikes Based On Inflation, Domestic Economic Recovery And Financial Stability * Says Necessary To Monitor High FX Volatility * Says Household Loans Increased Substantially * Says Pace Of House Price Increases In Seoul And Surrounding Areas Has Accelerated * Says Need To Monitor Housing Market And Household Debt Growth * Cites Uncertainties Around Semiconductor Sector, Middle East Developments And Trade Environment