Economics
Bank of Korea Poised for Outsized Rate Hike: Decision Day Guide
- Inflation at 23-year high outweighs risks of economic slowdown
- Wage-price spiral among key concerns for Korean central bank
The Bank of Korea headquarters in Seoul, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
A large majority of economists see the Bank of Korea raising its benchmark interest rate by a half-percentage-point on Wednesday, doubling the pace of its policy tightening to rein in inflation running at a 23-year high.
A total of 15 economists surveyed by Bloomberg see the central bank raising the rate to 2.25% while only four expect a quarter-percentage-point hike.