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BOK Signals Resolve to Rein in Prices With Restrictive Stance

(Bloomberg) The Bank of Korea kept its benchmark interest rate on hold while tweaking its guidance to imply it won’t maintain its restrictive stance for a “long” period.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussian Attacks on Ukraine Stoke Fears Army Near Breaking

Bank Of Korea: Hawkish Pause Extended, But Shift In Communication Points To Easing

Bank Of Korea: Hawkish Pause Extended, But Shift In Communication Points To Easing
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Bank of Korea considering forward guidance overhaul, sources say

The Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency,. -April 04, 2024 at 02:44 am EDT - MarketScreener

Exclusive-Bank of Korea considering forward guidance overhaul, sources say

The Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency, said four sources familiar with the issue. The proposal, however, faces opposition from at least one of the central bank's seven-member governing board and a senior official, they said, amid concerns telegraphing future policy could undermine public confidence in policy, particularly if conditions suddenly change. Since first flagging the idea during a speech at the Federal Reserve's Jackson Hole symposium in 2022, Governor Rhee Chang-yong has been developing plans to regularly map out conditional forward guidance on policy interest rates for six months or longer.

Exclusive-Bank of Korea Considering Forward Guidance Overhaul, Sources Say

Exclusive-Bank of Korea Considering Forward Guidance Overhaul, Sources Say
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