BOK chief Shin Hyun-song: 2027 core inflation forecast slightly above August projection

The signal here is about the policy horizon rather than the current print: a 2027 core inflation forecast running slightly above the August projection gives the Bank of Korea a reason to keep policy restrictive even as near-term conditions evolve. That matters most for rate-sensitive sectors and for won-denominated assets, where expectations of an early pivot may need recalibrating. The governor's explicit reference to risks beyond the near term suggests the bar for easing is tied to medium-term inflation credibility, not just recent data. Whether the 2027 projection gets revised again, and how firmly the board holds the restrictive line as growth considerations surface, is the open question.