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Reporting on key macro data at the time of release.
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SOUTH KOREA: MNI INSIGHT: No BOK Rate Cut Unless Downside Risks Grow
- The Bank of Korea is unlikely to cut rates from current historic lows unless
trade relations between China and the U.S. worsen notably and geopolitical risks
grow in the Middle East, MNI understands. With signs the economy is stabilising,
the BOK is more concerned over the side-effects from the current low rate
environment and how an additional cut to a fresh record low would fuel
imbalances, including a greater accumulation of household debt and higher real
estate prices in the major cities.
- For full story see MNI Main Wire at 06:15 GMT 01/28 or contact
firstname.lastname@example.org for access.