January 20, 2025 05:36 GMT
SOUTH KOREA: Country Wrap: BOK Lowers Growth Outlook.
SOUTH KOREA
- Bank of Korea says 2025 GDP growth is likely to be around 1.6-1.7%, lower than Nov. forecast of 1.9% on political risks and weakening sentiment, according to a central bank statement. (source: BBG).
- South Korean government announced plans to provide export financing of 360t won this year to help boost exports amid uncertainties in the global trade environment with the start of Trump administration, finance ministry says in a statement. (source: BBG).
- The KOSPI was the regional underperformer today down -0.12% as regional peers all had a positive day.
- KRW: the currency was one of the best performers in the region up +0.575% ti 1,449.35.
- Bonds: front end yields were lower today with the KTB 10YR 2.836% (+2bp).
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