Bank of Korea Likely Holds Rate Thursday After Two Hikes, Poll Finds
A WSJ poll of 23 economists expects the Bank of Korea to keep its 3.00% rate on Thursday, with most seeing another hike before the end of 2027.
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what happened
According to Market Talk, the Bank of Korea is widely expected to keep its policy rate at 3.00% at Thursday's meeting, a pause after increases in July and August. A Wall Street Journal poll of 23 economists found that all of them expect the hold, and most anticipate another hike before the end of 2027.
Some analysts think the central bank will keep its hawkish stance and may let a few board members vote for a hike, pointing to firmer growth forecasts and elevated core inflation. Nomura economist Jeong Woo Park said he expects the hawkish tone to continue. Nomura still sees rate increases coming in November this year and in February of next year.
why it matters
For markets, the tone matters as much as the rate itself. A hold paired with hawkish signals could support the won, while dissent on the board would point to a split over the policy path.
market impact
Won and Korean equities: a hold with hawkish guidance keeps rate-hike expectations alive
tags
instruments
sources
- Bank of Korea Expected to Stand Pat Thursday, Poll Shows — Market Talk, 21 October 2026 at 00:33 UTC
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