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Bank of Korea Governor Shin Hyun-song told the National Assembly on the 29th that keeping the rate-hike bias in place to bring down core inflation is the most reasonable path, while leaving the timing and size of further hikes dependent on incoming data and growth conditions. The hawkish framing keeps upward pressure on Korean short-end yields and offers support to the won, but extends the funding-cost headwind for KOSPI growth and leveraged sectors. Watch the next core CPI print and BOK meeting guidance: any downside surprise in core inflation would be the trigger for markets to reprice a pause.
As a Macro signal, watch whether it changes price action, volatility, or flows around KRW=X, KOSPI.
Original Source: 연합인포맥스
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