Expectations of a rate cut have risen, particularly after Finance Minister Choi recently expressed concerns over prolonged disinflation. The negative data trend, inflation hitting a new 15-year low in February (+0.5% y/y…
Expectations of a rate cut have risen, particularly after Finance Minister Choi recently expressed concerns over prolonged disinflation.
The negative data trend, inflation hitting a new 15-year low in February (+0.5% y/y), and easing by major central banks add to the pressure for a cut.
Standard Chartered Bank notes in a report on Wednesday:
We expect the Bank of Korea (BoK) to keep the base rate on hold at 2% on 12 March.
Our expectation is supported by Lunar New Year data distortions, a continued emphasis on structural reform, and the view that the authorities will wait to assess the impact of two cuts made in H2-2014.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
