Bank of Korea keeps base rate unchanged at 2.50%, as expected
The Bank of Korea's decision to keep the base rate at 2.50% aligns with market expectations, suggesting stability in their monetary policy approach.
PRE-MARKET CHINESE STOCKS NEWS: CK consortium agreed to sell all of its interest in UK Power Networks to French multinational electric utility Engie (ENGI FP) in a deal valued at GBP 10.5bln
Korea (Republic of) Interest Rate Decision 2.50% vs. Exp. 2.5% (Prev. 2.50%, Rev. From 2.5%)
Bank of Korea keeps base rate unchanged at 2.50%, as expected
Australian Private Capital Expenditure for 2025-26 (AUD)(Estimate 5) 199.3B (Prev. 191.3B)
Australian Private Capital Expenditure for 2026-27 (AUD)(Estimate 1) 158.4B
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- Raises 2026 GDP growth forecast to 2.0% from 1.8% sees 2027 growth at 1.8%.
- Raises 2026 CPI forecast to 2.2% from 2.1% and sees 2027 CPI at 2%.
The upward revision of GDP and CPI forecasts indicates a slightly more optimistic economic outlook, which could imply a gradual shift toward tightening measures in the future, impacting investor sentiment across asset classes.
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