Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
US Stocks Rebound as Iran Eases Military Operations; Tech Shares Lead Wall Street Recovery 
ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening 
US Weighs Using Frozen Iranian Assets to Rebuild Gulf Infrastructure After Regional Attacks 
Vietnam Prioritizes Fiscal Stimulus as Monetary Policy Space Narrows 
Switzerland Population Cap Referendum Sparks Economic and Immigration Debate 
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
BOK Seen Holding Interest Rates Steady as Inflation Risks Rise in South Korea 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Canada-Indonesia Trade Pact Gains Momentum as Carney and Prabowo Discuss Economic Cooperation 
South Korea Stocks Tumble as KOSPI Triggers Circuit Breaker Amid Chip Selloff and Middle East Tensions 
The Bank of Korea (BoK) is expected to remain on hold at the monetary policy meeting scheduled to be held next week, with headline inflation making a gradual and slow rise. Also, consumer prices in the country are expected to reach the central bank’s target band in the next year.
The BoK will likely leave its 7-day repo rate unchanged at 1.25 percent on Thursday December 15, at 9:00 SGT. With headline inflation slowly rising, 2017 average inflation is expected to reach the BoK’s lower limit of its 1.5-2.5 percent target range, ANZ reported.
Also, the National Assembly has voted in favor of President Park Geun-hye’s impeachment today, adding political uncertainty in the economy, which shall aloof any such policy changes for the time being.
Meanwhile, China’s various activity indicators are likely to have been stable in November, while monetary indicators should be consistent with the government’s policy of gradual deleveraging.
