South Korea’s BOK chief says policy rate need not follow market expectations

The signal here is about reaction functions rather than the rate level itself: a central bank explicitly declining to treat market pricing as a commitment is a reminder that the terminal rate is a policy choice, not a forecast the BOK has endorsed. That matters most for anyone positioning around Korea's rate path, since market-implied endpoints carry less informational weight if the governor disowns them. With no detail on the actual path, the open question is whether this is rhetorical flexibility or the start of a genuine gap between market pricing and BOK intent.