ING forecasts Bank of Korea will unanimously freeze rates in April amid Iran war uncertainties, but expects hawkish shift in forward guidance and potential rate hike in July as inflation risks mount, while revising South Korea's 2026 growth forecast down to 2.0% and inflation up to 2.5%.
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[Monetary Policy Committee Interview]ING - 'Unanimous Rate Freeze Expected in April... Likely Hike in July'
ING forecasts Bank of Korea will unanimously freeze rates in April amid Iran war uncertainties, but expects hawkish shift in forward guidance and potential rate hike in July as inflation risks mount, while revising South Korea's 2026 growth forecast down to 2.0% and inflation up to 2.5%.