South Korea inflation hits two-year high, imminent rate hike in play - Reuters
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
South Korea inflation has surged to a two-year high, putting the Bank of Korea under pressure to hike rates imminently. A rate hike cycle would strengthen the KRW, pressure Korean equities (especially rate-sensitive sectors), and ripple into EM FX peers.
The two-sided take
1 of 2 names have verified EOD history. The basket chart is hidden rather than showing illustrative data.Missing: USDKRW=X
The house read
Wrong ifIf inflation is driven by supply shocks the BOK judges as transitory, the rate hike may be delayed or smaller than priced — EWY snapbacks can be sharp if the market's hawkish pricing reverses. USD weakening globally would also offset KRW margin pressure.
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