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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
MNI BoK Preview - May 2022: 25bp Hike Seemingly Done Deal
EXECUTIVE SUMMARY
- Tightening is all but assured at this week’s Bank of Korea (BoK) meeting. Continued upside surprises when it comes to inflationary readings and the strong focus of the new government on this issue means a 25bp hike is the most likely outcome. All economists surveyed by Bloomberg are forecasting such a move.
- If it weren’t for uncertainties surrounding the external backdrop, particularly in relation to Chinese economic growth, a 50bp hike could have been on the cards. New BoK Governor Rhee hasn’t ruled out a step up in the pace of tightening in the second half of the year.
- The other focus point could be the exchange rate. FX stability made its way into the joint leader’s statement after the Biden-Yoon summit.
- Click to view full preview: BoK Preview - May 2022.pdf
To read the full story
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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.