93% of bond experts eye rate freeze this week: poll
More than nine in 10 bond mavens in Korea predict the central bank to freeze its key interest rate for October this week, a poll showed Tuesday. According to the survey of bond market managers by the Korea Financial Investment Association, 93 percent of the respondents forecast the Bank of Korea (BOK) to hold its policy rate steady at a rate-setting meeting slated for Thursday. Most bond experts…
A recent poll conducted by the Korea Financial Investment Association reveals that 93% of bond experts in Korea predict the Bank of Korea (BOK) will freeze its key interest rate for October this week. The survey, which polled bond market managers, indicates that the majority of experts expect the BOK to maintain its policy rate steady at a meeting scheduled for Thursday.
Most bond experts believe the BOK needs time to evaluate market conditions following two consecutive rate hikes in July and August. During a parliamentary audit last week, BOK Governor Shin Hyun-song suggested a possible pause, stating, "When we conduct monetary policy, we always assess how much time economic agents need to adapt and evaluate their ability to do so."
The association also reported that its bond market survey index (BMSI) for November stands at 99.1, an increase from 89.7 for October. A BMSI reading below 100 suggests that more experts anticipate worsening bond market conditions moving forward.
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- 93 pct of bond experts eye rate freeze this week: poll en.yna.co.kr
- 93% of bond experts eye rate freeze this week: poll koreatimes.co.kr
