More on the Bank of Korea rate hike, first in almost three years

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Reuters point to comments from Citi:

  • “BOK’s concerns about financial imbalances may outweigh the downside risk to economic growth from the Delta variant,” said Kim Jin-wook, an analyst at Citibank said in a report ahead of the decision.
  • “We now bring forward the timing of our second hike call to 1.00%, to November 2021 from January 2022.”

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