[Crédit Agricole: After the July rate hike, the Bank of Korea is more likely to raise rates again in October] Reported by Golden Finance, on July 15, Crédit Agricole stated that the market widely expects the Bank of Korea to raise its policy rate by 25 basis points to 2.75% on July 16. The central bank has repeatedly emphasized the necessity of rate hikes, so market participants will closely monitor its hints regarding the timing of the next rate hike and the terminal rate for this rate hike cycle. Considering that the Bank of Korea will update its macroeconomic forecasts and six-month forward guidance in August, and that international crude oil prices have somewhat declined since the last meeting, it is expected that the central bank will not signal consecutive rate hikes in August but is more likely to take action in October. During the July meeting, the Bank of Korea may release signals for further rate hikes but will not provide a specific timetable, allowing time to observe more data. (Jin10)