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Rate hikes coming in Korea as recovery gathers momentum

With the economy rebounding strongly from the crisis, the Bank of Korea (BoK) is starting to shift its attention away from supporting growth and towards containing financial risks. We expect the BoK to begin raising interest rates at its meeting in November, which is sooner than most analysts expect. This would make it the first Asian central bank after the People’s Bank of China to start tightening policy.

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