CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Hike Not Unanimous

SOUTH KOREA

In the post-announcement press conference BoK Governor Lee said that one member opposed the hike. The fact that the hike was not unanimous could indicate opposition to further hikes down the road.

  • Lee said that the hike was undertaken for three reasons: a continued economic recovery, inflationary pressure and accumulation of financial imbalance.
  • Lee said consumption is recovering and consumers have scope to spend, and therefore it's hard to say that Korea has fallen into a "debt trap." Lee added that the hit from the current wave of the virus is not as serious as the first.
  • 3-Year future comes off lows after the remark that the hike was not unanimous while USD/KRW continues to make new session highs after an initial dip lower.
EM BulletHomepageBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

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.