Bank of Korea Rate Hike — Is it Chasing Its Own Economy?
About this episode
The episode discusses the Bank of Korea's recent rate hike and its implications for the economy and housing market.
The Bank of Korea has raised its policy rate to 2.75% — its first hike in three and a half years — as inflation hits a two-and-a-half-year high of 3.2%. But the real story is what's driving prices: Governor Shin says Korea's trillion-dollar AI and chip investment boom is no longer just fuelling growth, it's fuelling inflation. Ho Woei Chen, Economist and Senior Vice President at UOB Group, tells us why UOB now expects rates to hit 3.25% by January, whether a quarter-point hike can cool Seoul's runaway housing market, and what happens when an energy shock and a demand shock collide. Image Credit: Shutterstock See omnystudio.com/listener for privacy information.
People in this episode
Guest: Ho Woei Chen
Topics covered
- Bank of Korea
- interest rates
- inflation
- housing market
- economic growth
- AI investment
Keywords
- Bank of Korea
- interest rate
- inflation
- housing market
- AI investment
- UOB Group
Mentioned in this episode
Organizations: Bank of Korea, UOB Group
Places: Korea
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