BoK Governor Rhee says no board member expects rates to be increased in three months time, also noted that US tariff ruling is to have a limited impact on exports for now
The comments from BoK Governor Rhee indicate a dovish stance with no rate hikes expected in the near term, signaling a stable outlook for South Korea's monetary policy.
[MARKET ANALYSIS] FX markets are rangebound with very few fresh catalysts
[MARKET ANALYSIS] JGBs languish near this week's trough after recent curve steepening and with comments from BoJ hawkish dissenter Takata
BoK Governor Rhee says no board member expects rates to be increased in three months time, also noted that US tariff ruling is to have a limited impact on exports for now
[MARKET ANALYSIS] Oil prices are rangebound with the US and Iran set to resume talks in Geneva today
Chinese President Xi reiterates to weed out corruption and maintain social stability, while he urges a good start to the 15th five-year plan period
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Says:
- Conditional rate projection for a 25bps cut by a board member assumed local property market is to stabilise in six months time.
This suggests that unless there are significant improvements in the property market, rate cuts remain a possibility, which may influence the USD/KRW exchange rate and broader risk sentiment in the region. Furthermore, the limited impact of the U.S. tariff ruling on exports could reassure markets about export-driven growth.
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