MNI China Press Digest Nov 27: Insurance, Tax, U.S. Trade

MNI: PBOC Net Drains CNY33.8 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1982 Weds; -1.45% Y/Y

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

MNI: AUSTRALIA MONTHLY OCT CPI 0.1% MM, 2.3% YY

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

MNI Bank of Korea Preview- Nov 2024, On Hold Amid FX Weakness

Despite weakening economic data, the BOK is unlikely to cut rates at their November meeting given currency weakness.
Asia Bank - PreviewBank of Korea - PreviewAPACAnalysisEM Central Bank ReportsEM Central Bank PreviewSouth KoreaStory

EXECUTIVE SUMMARY:
 

  • Economic data has continued to moderate with GDP, CPI, Exports and Industrial Production lower.
  • Due to a resurgent USD following the US election, the KRW has weakened by over 3% since the last BOK meeting.
  • There are some early signs that the policies put in place to slow the Seoul property market is working.
  • Several key voting members at the last monetary policy meeting indicated their preference for rates to remain on hold until 2025. 

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

Keep reading...Show less
87 words

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.

EXECUTIVE SUMMARY:
 

  • Economic data has continued to moderate with GDP, CPI, Exports and Industrial Production lower.
  • Due to a resurgent USD following the US election, the KRW has weakened by over 3% since the last BOK meeting.
  • There are some early signs that the policies put in place to slow the Seoul property market is working.
  • Several key voting members at the last monetary policy meeting indicated their preference for rates to remain on hold until 2025. 

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:

Keep reading...Show less