Minjun ParkFinance
Bank of Korea Projected to Lift 2026 Economic Growth Estimate Past 3%
A surge in semiconductor demand and a rebound in consumer spending prompt analysts to lift full-year expansion forecasts as high as 3.4 per cent.
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Bank of Korea
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Rajiv MenonGeneral
South Korea worries about growing economic risks, amid impeachment push for President Park
South Korea’ finance ministry said on Thursday it is concerned about further risks to the economy from “domestic issues”, as parliament prepares to hold an impeachment vote on South Korean President Park Geun-hye. The ministry did not explicitly point to the…
Sarah ChenFinance
The Bank of Korea Just Delivered a Surprise
South Korea’s iShares MSCI South Korea Capped ETF (EWY) slid on June 9 after the Bank of Korea cut interest rates by 25 basis points to 1.25%. This is a record low for the Korean policy rate, which is aiming to support the government’s plan for massive debt…
Aiko TanakaFinance
Bank of Korea likely to keep policy rate on hold tomorrow
The Bank of Korea is likely to keep its policy rate unchanged at 1.5% during its upcoming meeting. The meeting will mainly focus on the weakness in January’s activity data. Also, there is a higher probability for another cut in GDP forecasts during the April…