BOK likely to raise call rate: Deutsche Bank

KOREA - Deutsche Bank yesterday forecast the Korean central bank will increase the overnight call rate by 25 basis points to 4.50 percent at its Monetary Policy Committee meeting slated for tomorrow.

The call rate refers to the benchmark short-term interest rate that banks charge each other for overnight loans.

In its latest report on its Korean strategy, the Korea Times reports, Deutsche Bank said that the Bank of Korea would hike the key interest rate by a quarter of a percentage point in a