MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

South Korean CPI Provides BOK with Room to Move on Rates.

SOUTH KOREA


  • Korea’s CPI moderated in August, taking pressure off the Central Bank.
  • The 2% yoy price rise brings the CPI back in line with the BOK target.
  • Today’s print represents a meaningful decline from the prior month’s print of 2.6%.
  • Consensus from economists was for a 2.1% yoy increase.
  • BOK officials have been under pressure from government spokespeople on rates since the last meeting where rates remained unchanged.
  • Rates are generally considered in restrictive territory but with four of seven voting members in favour of a cut, the tide appears to be turning.
  • BOK’s focus has been on Seoul house prices as a key indicator for monetary policy.
  • The government has taken steps to address house prices with announcements on new home supply and a focus on lending standards from the key banks.
  • The BOK has maintained its rate at 3.5% since the beginning of 2023 yet with consumer activity declining in the domestic economy, will potentially be looking for opportunities to cut rates into year end.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.