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The Bank of Korea's Monetary Policy Board raised the base rate 25bp from 2.50% to 2.75% on the 16th, marking the first hike in three and a half years and a pivot back to tightening. Higher won funding costs typically support KRW against the dollar while pressuring KOSPI valuations and domestic risk appetite, including Korean crypto trading flows on won-denominated exchanges. Watch the accompanying policy statement and vote split for signals on whether this is a one-off adjustment or the start of a hiking cycle, which would determine how aggressively USD/KRW and rate-sensitive equities reprice.
As a Macro signal, watch whether it changes price action, volatility, or flows around KRW=X, KOSPI, BTC.
Original Source: 블록미디어
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