Bank of Korea likely to raise key interest rate... Considering prices and exchange rates

The Bank of Korea is expected to raise the key interest rate by 0.25% from the current 2.25% at the Monetary Policy Committee meeting today (25th).

Although the first big step in history was carried out last month, the inflation trend has not yet stopped, and concerns over an inversion of the key interest rate with the US are putting pressure on the key rate hike.

In fact, as the US central bank recently predicted that the key interest rate could be raised significantly, the won-dollar exchange rate exceeded 1,340 won for the first time since the global financial crisis in 2009.