Markets focus on potential hawkish signals from new Governor Hyun Song Shin at his first policy meeting.
South Korea’s Kospi declined ahead of the Bank of Korea’s rate decision, where a hold at 2.5% is widely expected. Investors are closely watching for any hawkish guidance from new Governor Hyun Song Shin during his first meeting as chair.
Analysts anticipate two rate hikes in the second half of the year, reflecting concerns over inflation and economic momentum. The central bank’s tone will be critical in shaping market expectations for future policy moves.
The Kospi’s drop reflects caution as traders await clarity on the bank’s trajectory amid global monetary policy shifts.