Bank of Korea Governor Rules Out 50bp Rate Hike on July 9

According to Yonhap Infomax, Bank of Korea Governor Shin Hyun-song ruled out a significant 50 basis point rate increase at next week's policy meeting on July 9. Speaking at a National Assembly Finance and Economics Committee session, Shin clarified that recent references to a big step were general remarks rather than policy signals. He emphasized the central bank pursues monetary policy based on underlying economic fundamentals rather than reacting to market volatility.
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