According to CoinMeta, the Bank of Korea is scheduled to meet next week on Thursday to make its next interest rate decision. There is disagreement in the market as to whether there will be another interest rate hike or if no action will be taken. The Bank of Korea already raised interest rates by 25 basis points to 2.75% in July. If another hike is made in August, it would indicate that the bank is taking a proactive approach to curb inflation and maintain financial stability, which also means that South Korea will tighten monetary policy ahead of the Federal Reserve. Investment securities analyst Kang Seung-won from NH said that the decision in August is crucial as it will determine whether the current interest rate hike cycle will be pro-active or cautious. Securities analyst Kim Myeong-shil from iM stated that waiting until October to act carries almost no benefits, and the cost of delaying the hike is increasing. Those predicting no change in interest rates believe that the Bank of Korea can spend more time assessing the impact of last month's hike, pointing to factors such as a slowdown in inflation in July, a strengthening won currency, and recent stock market corrections. Eugene Investment Securities analyst Kim Ji-na argued that there is no need to take unnecessary risks, and that simply maintaining the message that "another hike may be possible in the future" can have a certain tightening effect.