South Korea: Another rate hike in the pipeline? – UOB By pabspiovano SouthKorea InterestRate CentralBanks Banks
“South Korea’s headline and core inflation continued to climb in Apr. The headline CPI was above 4% for the second straight month at 4.8% y/y, 0.7% m/m from 4.1y/y, 0.7% m/m in Mar, the highest since Oct 2008.”
“BoK will be updating its growth and inflation forecasts at the May meeting. Despite the high level of external uncertainty, South Korea’s economy is likely to remain on track to reach a 2.7% GDP growth this year.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea: North Korea Test-Fired Missile From SubmarineSouth Korea’s military says North Korea has flight-tested a ballistic missile that was likely fired from a submarine, continuing a provocative streak in weapons demonstrations that may culminate with a nuclear test in the coming weeks or months. The launch came three days after South Korea and Japan detected a suspected ballistic missile fired from near the North Korean capital. Both exercises come ahead of the inauguration on Tuesday of South Korean President-elect Yoon Suk Yeol, who has vowed to take a tougher approach over the North’s nuclear ambitions. So far this year, North Korea has fired missiles 15 times. Experts say leader Kim Jong Un appears to be preparing to test a miniaturized nuclear device that it can use to arm its submarine-launched missiles.
Read more »
North Korea conducts ballistic missile launch ahead of South Korean inaugurationNorth Korea fired a ballistic missile off its east coast Saturday, a provocative move days before South Korea's newly elected president Yoon Suk Yeol is to be sworn into office.
Read more »
GBP/USD faces the next support at 1.2250 – UOBFurther downside momentum could drag cable to the mid-1.2200s in the near term, suggested UOB Group’s FX Strategists Lee Sue Ann and Quek Ser Leang. K
Read more »
USD/MYR could extend the uptrend beyond 4.40 – UOBAccording to Quek Ser Leang at UOB Group’s Global Economics & Markets Research, further upside in USD/MYR could see the 4.40 level retested in the nea
Read more »
‘Doctor Strange’ Huge Debut Signals Renewed Potential at Korea Box Office“Doctor Strange in the Multiverse of Madness” opened with a stunning $14.4 million debut weekend in South Korea, far in excess of any film this year at the Korean box office. Its five-day opening s…
Read more »
WATCH: World War II, Korea, and Vietnam veterans send Putin a messageAs veterans of World War II, Korea, and Vietnam descended on Washington, D.C., Tuesday to celebrate the Honor Flight Network's milestone of bringing 250,000 veterans to the district, they took some time to send a special message to Russian President Vladimir Putin.
Read more »