{
    "id": 78769,
    "date": "2026-05-08T09:07:21",
    "date_gmt": "2026-05-08T02:07:21",
    "guid": {
        "rendered": "https:\/\/hbbgroup.net\/south-korea-modest-tightening-prospects-dbs\/"
    },
    "modified": "2026-05-08T09:07:21",
    "modified_gmt": "2026-05-08T02:07:21",
    "slug": "south-korea-modest-tightening-prospects-dbs",
    "status": "publish",
    "type": "post",
    "link": "https:\/\/hbbgroup.net\/en_us\/south-korea-modest-tightening-prospects-dbs\/",
    "title": {
        "rendered": "South Korea: Modest tightening prospects \u2013 DBS"
    },
    "content": {
        "rendered": "<div id=\"post-content-section\">\n<p>DBS Group Research economist Ma Tieying expects the Bank of Korea (BoK) to keep its base rate at 2.50% at the May 28 meeting, but now projects a single 25 bps hike in 3Q 2026 to 2.75%. The report cites firmer inflation, rising PPI and inflation expectations, but also K\u2011shaped growth and sectoral weakness as constraints on aggressive tightening.<\/p>\n<h2>DBS flags one 3Q rate hike<\/h2>\n<p>&#8220;Following our earlier upgrade to 2026 <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor>GDP<\/a> and inflation forecasts, we now also revise our interest rate <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor>outlook<\/a>, calling for one 25bps hike in 3Q.&#8221;<\/p>\n<p>&#8220;Recent data support the case for the Bank of Korea to keep the base rate unchanged at 2.50% at the May 28 meeting.&#8221;<\/p>\n<p>&#8220;Looking ahead, we see a rising likelihood of a 25bps rate hike in 3Q, which would bring the base rate to 2.75%.&#8221;<\/p>\n<p>&#8220;Inflation is expected to pick up more noticeably in May, with headline CPI potentially reaching 3% and core CPI beginning to reflect some pass-through.&#8221;<\/p>\n<p>&#8220;As second-round inflation pressures start to build, the BOK is likely to adopt a more vigilant stance in the coming months.&#8221;<\/p>\n<p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>\n<\/div>",
        "protected": false
    },
    "excerpt": {
        "rendered": "<p>DBS Group Research economist Ma Tieying expects the Bank of Korea (BoK) to keep its base rate at 2.50% at [&hellip;]<\/p>",
        "protected": false
    },
    "author": 5,
    "featured_media": 0,
    "comment_status": "open",
    "ping_status": "open",
    "sticky": false,
    "template": "",
    "format": "standard",
    "meta": {
        "_acf_changed": false,
        "footnotes": ""
    },
    "categories": [
        1
    ],
    "tags": [],
    "class_list": [
        "post-78769",
        "post",
        "type-post",
        "status-publish",
        "format-standard",
        "hentry",
        "category-uncategorized"
    ],
    "acf": [],
    "_links": {
        "self": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/78769",
                "targetHints": {
                    "allow": [
                        "GET"
                    ]
                }
            }
        ],
        "collection": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts"
            }
        ],
        "about": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post"
            }
        ],
        "author": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5"
            }
        ],
        "replies": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=78769"
            }
        ],
        "version-history": [
            {
                "count": 0,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/78769\/revisions"
            }
        ],
        "wp:attachment": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=78769"
            }
        ],
        "wp:term": [
            {
                "taxonomy": "category",
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=78769"
            },
            {
                "taxonomy": "post_tag",
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=78769"
            }
        ],
        "curies": [
            {
                "name": "wp",
                "href": "https:\/\/api.w.org\/{rel}",
                "templated": true
            }
        ]
    }
}