Free Trial

CPI Expected To Exceed Projections; GDP Forecast Unchanged


In the statement accompanying the rate announcement the BoK says will maintain accommodative stance due to an uptick in virus numbers and will consider this and financial imbalances when judging if it is appropriate to adjust the degree of accommodation.

  • The Bank added that CPI could be above projections in May and run at low to mid 2% for a while, and that GDP forecasts are in line with May (4%). The Bank noted though that private consumption is forecast to temporarily weaken affected by the coronavirus resurgence but then be supported by a supplementary budget. Exports are expected to continue to drive the recovery.
  • Link to full statement here:

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.