Mirae Asset predicts South Korea to raise interest rates amid chipmaker-driven inflation
Updated
Updated · Bloomberg · Apr 30
Mirae Asset predicts South Korea to raise interest rates amid chipmaker-driven inflation
7 articles · Updated · Bloomberg · Apr 30
Mirae Asset expects the Bank of Korea to hike rates at least three times over the next year, potentially reaching 3.5% by late 2027 from the current 2.5%.
The forecast cites chipmakers’ employee bonuses, high chip prices, and surging stock values as key drivers of increased spending and inflation.
Korea’s 10-year sovereign yield is projected to surpass 4% within two months, marking the highest level since 2023 and reflecting mounting inflationary pressures.
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