Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation 
RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
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.
