Nomura Expects BOK to Wait for More Evidence Before Raising Rates -- Market Talk
Dow Jones
May 20
0205 GMT - South Korea's central bank would wait to confirm that a rate increase wouldn't destabilize the still-fragile domestic recovery and seek evidence of growth-led inflationary pressures, Nomura analyst Jeong Woo Park says in a note. The semiconductor super cycle's spillover to domestic demand remains limited, sustaining K-shaped growth patterns, while inflation is being driven more by the current oil price shock, supporting a hawkish Bank of Korea stance, the note says. Nomura says conditions remain premature for further tightening as there is no confirmation yet of a sustainable consumption recovery or rising inflation expectations. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
May 19, 2026 22:05 ET (02:05 GMT)
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