The bank of Korea is South Korea's central bank. ANZ warn in light of the fast pace of inflation in the country, i.e. this:
- South Korea's y/y CPI is at its highest in a decade
Remarks out of the BoK:
- see CPI to hover above target for a while
- will closely monitor CPI trend
- 2021 annual inflation could be above the central bank's 2.3% forecast
ANZ:
- South Korea's inflation accelerated further to 3.7% y/y in November, at the fastest pace since December 2011.
- Given the Bank of Korea's concerns about inflation, the odds are in favour of a front-loaded monetary policy normalisation.
Unrelated hike pic:
