Bank of Korea Reverts to Smaller Rate Hike, Lowers GDP Projection

The transcript discusses the Bank of Korea's decision to hike interest rates to 3.25% amid inflation concerns and economic challenges. It highlights the bank's focus on stabilizing inflation while addressing credit market risks. Revised GDP and CPI forecasts for 2023 are also discussed, indicating a downshift in growth expectations. The Bank of Korea aims to achieve price stability by the first quarter of next year, with potential further rate hikes.

What was the new interest rate set by the Bank of Korea?

• 3.0%

• 3.25%

• 3.5%

• 3.75%

What is the primary concern of the Bank of Korea according to the discussion?

• Exchange rates

• Credit market risks

• Global recession

• Inflation issues

What measures is the Bank of Korea considering to address credit market issues?

• Increasing policy rates

• Reducing inflation

• Boosting exports

• Non-policy rate measures

What is the revised GDP growth forecast for 2023 by the Bank of Korea?

• 3.7%

• 3.6%

• 1.7%

• 2.1%

What is the revised CPI forecast for 2023 by the Bank of Korea?

• 3.8%

• 3.7%

• 3.6%

• 3.5%