[Bank of America: Bank of Korea's July Meeting May Focus on Weakening Won] According to a report by Jinse Finance on July 9, Bank of America economists stated in a report that the market widely expects the Bank of Korea to raise interest rates by 25 basis points on July 16. However, the bank's stance on the Korean won may be more critical than the rate hike itself. Policymakers may focus on the continued weakness of the won. Despite falling oil prices and repeated warnings from authorities, the weakening won has kept inflation at elevated levels. Economists pointed out that the ongoing outflow of foreign equity funds and exchange rate volatility reinforce the rationale for further policy normalization, though consecutive rate hikes are not their baseline expectation. The market will also pay attention to whether the Bank of Korea expresses greater concern over financial stability risks stemming from rising housing prices and leveraged ETF trading.