Bank of Korea Holds Rates, Leaves Door Open to Further Hikes
The Bank of Korea stood pat despite leaving the door open to further rate hikes. Citi expects 25bp hikes in November 2026 and February 2027, taking the terminal rate to 3.5%.
The Bank of Korea signaled that further rate increases remain possible, although it kept rates unchanged. Citi still expects 25bp hikes in both November 2026 and February 2027, which would take the terminal rate to 3.5%. The hold drew no dissent. Governor Shin said the decision to hold was the result of p…