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.


ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge
U.S. Treasury Eyes Private Credit Oversight Through Insurance Regulator Talks
FxWirePro: Daily Commodity Tracker - 21st March, 2022
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth
WTO Digital Trade Talks Stall as E-Commerce Tariff Deadline Looms
NASDAQ Tech Selloff: Correction or Collapse? What Analysts Are Saying
Taiwan Central Bank Expected to Hold Interest Rates Steady Through 2027
EU and CPTPP Nations Push for Landmark Digital Trade Agreement
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began




