MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1056 FRI VS 7.1058

MNI CBRT WATCH: Turkey CenBank Holds After "Significant" Hike

MNI China Daily Summary: Thursday, April 25

Australia Q1 Export Price Index -2.1%; Import Price Index -1.8%

Australia Q1 PPI +0.9%; Most Industries Rise

Japan Tokyo Apr Core CPI +1.6% Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: BOK Leaves Policy Rate Unchanged At 3.5%

Central Bank NewsPolicy NewsAPACSouth KoreaBriefStoryRegion
True

The Bank of Korea board left its key policy rate unchanged at 3.5% and maintained its growth forecast at 2.1%, noting inflation may rise slightly before falling further, according to a BOK statement on Thursday.

"While it is forecast that domestic economic growth will continue its improving trend and that inflation will maintain its slowing trend, it is premature to be confident that inflation will converge on the target level,” the board noted.

Keep reading...Show less
113 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.

The Bank of Korea board left its key policy rate unchanged at 3.5% and maintained its growth forecast at 2.1%, noting inflation may rise slightly before falling further, according to a BOK statement on Thursday.

"While it is forecast that domestic economic growth will continue its improving trend and that inflation will maintain its slowing trend, it is premature to be confident that inflation will converge on the target level,” the board noted.

Keep reading...Show less