Moody's Analytics senior economist John Bromhead said South Korea's economy accelerated in Q3, with QoQ GDP up 1.0% versus the market's ~0.7% forecast. The strong print reinforces the case for maintaining a restrictive policy stance, particularly as price pressures have not convincingly eased; Bromhead expects the Bank of Korea to raise rates in November. The BoK kept its policy rate at 3.0% in October after hikes in July and August. September headline CPI was 2.9% YoY and core inflation 2.8% Yo

Moody's Analytics senior economist John Bromhead said South Korea's economy accelerated in Q3, with QoQ GDP up 1.0% versus the market's ~0.7% forecast. The strong print reinforces the case for maintaining a restrictive policy stance, particularly as price pressures have not convincingly eased; Bromhead expects the Bank of Korea to raise rates in November. The BoK kept its policy rate at 3.0% in October after hikes in July and August. September headline CPI was 2.9% YoY and core inflation 2.8% YoY, both above the BoK's 2% target.