Bank of Korea: Back-to-back hike risk stays live – Societe Generale

Societe Generale’s Kiyong Seong reviews the Bank of Korea’s 25bp hike to 2.75%, noting a unanimously hawkish Monetary Policy Committee. The July statement is assessed as more hawkish than May, and Governor Shin’s comments keep the option of a consecutive hike at the 27 August meeting open.