Bank of Korea hikes – TDS

Analysts at TD Securities note that the Bank of Korea has hiked its 7-Day repo rate by 0.25% at its November meeting to 1.75%, with 2 out of 7 board members voting against the hike.

Key Quotes

“This is the first rate hike since November last year. Record household debt and the widening gap between Korean/US rates motivated the BoK to hike.”