Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 
Oil Prices Fall Despite Rising U.S.-Iran Tensions as Markets Watch Strait of Hormuz Developments 
BOK Seen Holding Interest Rates Steady as Inflation Risks Rise in South Korea 
Trump Faces Pressure as Fed Chair Kevin Warsh Takes Over 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns 
Croatia Weighs Ante Zigman for Central Bank Governor Role in Key ECB Transition 
Gold Prices Slide Nearly 2% Ahead of Key U.S. Inflation Data and Rising Middle East Tensions 
Asian Stocks Surge as Middle East Peace Hopes Lift Markets; SpaceX IPO Shatters Records 
Wall Street Slides as U.S.-Iran Tensions Escalate; Tech Stocks Extend Losses in 2026 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
US Dollar Edges Higher as Inflation Data and Middle East Tensions Shape Market Sentiment 
Gold Prices Slide Toward Second Weekly Loss as Fed Rate Hike Expectations Weigh on Market 
Uruguay Central Bank Holds Interest Rate at 5.75% Amid Inflation and Oil Price Concerns 
South Korea’s central bank has reinforced expectations of a potential interest rate hike as inflationary pressures continue to build amid rising global oil prices linked to ongoing tensions in the Middle East.
Bank of Korea (BOK) Governor Shin Hyun-song said on Friday that policymakers should raise interest rates “on time” to maintain price stability, emphasizing that inflation is likely to remain above the central bank’s target for an extended period. His comments strengthen market expectations that the BOK could begin monetary tightening as early as its next policy meeting in July.
According to Shin, current economic conditions present limited trade-offs for monetary policy decisions, allowing the central bank to focus primarily on controlling inflation. He noted that economic data released since the BOK’s May policy meeting has further supported the need for a tighter monetary stance.
Recent data showed that South Korea’s consumer inflation rate accelerated to 3.1% in May, marking its highest level in more than two years. The figure exceeded market forecasts and highlighted persistent price pressures affecting the economy. The central bank’s medium-term inflation target remains at 2%, making the latest reading a significant concern for policymakers.
The rise in inflation has been driven in part by higher energy costs, with global oil prices climbing due to geopolitical instability in the Middle East. As a result, the BOK expects inflation to remain above its target level for a considerable period.
At its most recent policy meeting in May, the Bank of Korea kept its benchmark interest rate unchanged. However, a hawkish split among members of the seven-person monetary policy board signaled growing support for tighter monetary policy. The move was viewed as an effort to curb inflation while also providing support for the weakened South Korean won.
Financial markets are now closely watching the BOK’s next interest rate decision, scheduled for July 16. Economists and investors will be looking for further signals on the central bank’s strategy as South Korea navigates persistent inflation, currency pressures, and global economic uncertainty.
