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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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Free AccessMore Detail On Today's CPI, BoK Likely On Hold Later In August
- South Korea’s headline CPI printed in line with expectations at 2.6%, a slight move up from last month and marginally ahead of surveys.
- 9 out of the 12 sub-indices were ahead of the prior month in m/m terns.
- Standout being transport up 5.2%y/y, 1.7% m/m.
- The South Korean Finance minister expects CPI to return to low / mid 2% from August onwards. The BOK also expects a similar backdrop to unfold.
- This number pushes back on the possibility of easing in the near term (at the margins). The next BOK meeting on the 22nd of August. The BOK is likely to remain on hold, watching the evolution of inflation and the outcome from the FED.
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.