central bank
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates
- The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.
- GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.
- Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.
- Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.
Bank of Korea Set to Hold Interest Rates During Transition After Elections: The Bank of Korea is expected to keep its policy settings unchanged Friday ...
bloomberg.com/news/articles/2024-04-11/bank-of-korea-to-hold-during-transition-period-decision-guide
Paid articlePaid
Bank of Korea chief watching Middle East tensions for FX, growth outlook reviews: South Korea's central bank chief on Friday said odds for any further policy ...
reuters.com/markets/currencies/bank-korea-chief-watching-middle-east-tensions-fx-growth-outlook-reviews-2024-04-19/
Bank of Korea Stands Pat for 10th Consecutive Time: South Korea’s central bank held its base rate steady for a 10th consecutive time as widely expected ...
wsj.com/economy/central-banking/bank-of-korea-stands-pat-for-10th-consecutive-time-ae9ce0cc
KRW USD: South Korean Officials Ramp Up Warnings on Won Weakness: South Korean officials ramped up their warnings over weakness in the won with Bank of Korea ...
bloomberg.com/news/articles/2024-04-17/south-korean-officials-ramp-up-warnings-on-won-weakness
Paid articlePaid
Asian finance officials raise ‘serious concerns’ over strong dollar: Emerging-market currencies have been under pressure from shifting US interest rate ...
ft.com/content/63c36478-8cf3-438e-91e2-97a8888773d1
BOK Keeps Rate on Hold, Opting for Steady Stance After South Korea Elections: The Bank of Korea kept its benchmark interest rate on hold in a decision ...
bloomberg.com/news/articles/2024-04-12/bok-keeps-rate-on-hold-opting-for-steady-stance-after-polls
Paid articlePaid South Korea's central bank holds rates, battling sticky inflation: South Korea's central bank left interest rates at a 15-year high on Friday as stubborn ...
reuters.com/markets/asia/south-koreas-central-bank-holds-rates-battling-sticky-inflation-2024-04-12/
Hana Bank wins 2024 Best Bank of Korea award : Hana Bank was named the 2024 Best Bank in Korea as by Global Finance, a financial monthly publication based in the ...
koreatimes.co.kr/www/biz/2024/04/175_372642.html
Small business owners reel under soaring inflation: Soaring inflation and the subsequent decrease in sales are forcing heavily indebted small business owners in ...
koreatimes.co.kr/www/biz/2024/04/126_373137.html
Korean currency logs sharpest fall of over 7% in 2024 since global financial crisis
koreatimes.co.kr/www/biz/2024/04/488_373113.html
Bank of Korea chief says won volatility is a little 'excessive' and will intervene if needed
cnbc.com/2024/04/17/bank-of-korea-chief-says-won-volatility-a-little-excessive-.html
Ex-BOK deputy governor sees no rate cuts this year: A former Bank of Korea deputy governor on Friday said the central bank will probably not cut interest rates ...
reuters.com/markets/asia/ex-bok-deputy-governor-sees-no-rate-cuts-this-year-2024-04-08/
Quick Glance: Ex-BOK deputy governor predicts no rate cuts this year
- A former Bank of Korea deputy governor stated that the central bank is unlikely to cut interest rates this year due to ongoing inflation concerns, challenging expectations of two rate cuts in the latter half of the year.
- Lee Seung-heon's remarks challenge analysts' predictions for rate cuts, emphasizing that it is premature to consider easing as headline inflation remains persistent at 3.1% in March, in line with February's rate and above the BOK's 2% target.
- The BOK is expected to delay any signals for rate cuts until at least June to assess the impact of rising global oil prices on inflation pressures and to evaluate domestic consumption trends before considering any monetary policy adjustments.
- Policymakers are cautious amid uncertainties, with one dissenting board member suggesting a possible rate cut in the near future, although the majority view supports maintaining current rates as economic data continues to shape the decision-making process.
Consumer sentiment remains flat in April amid rising prices, high rates : Korea's consumer sentiment remained unchanged in April amid high inflation and market ...
koreatimes.co.kr/www/biz/2024/04/488_373321.html
Gov't borrows $23.8 bil. in temporary loans from BOK in Q1 : The government borrowed nearly 33 trillion won ($23.8 billion) from the Bank of Korea (BOK) in ...
koreatimes.co.kr/www/biz/2024/04/488_372619.html
Mobile payments surpass card use for first time in Korea : Kim Ye-jin, a 31-year-old office worker, increasingly relies on her cell phone for daily transactions ...
koreatimes.co.kr/www/biz/2024/04/175_372434.html
Opposition-led calls for increased budget raise fiscal soundness concerns : Criticism is mounting against the main opposition party's move to railroad the ...
koreatimes.co.kr/www/biz/2024/04/488_373211.html
High inflation looms in Korea on Middle East conflict, post-election price hikes
koreatimes.co.kr/www/biz/2024/04/488_372716.html
Exchange rate volatility does not pose 'significant' economic challenges in Korea's case: IMF official
koreatimes.co.kr/www/biz/2024/04/488_373020.html
BOK to add 2 economists with global experience to monetary policy committee : Lee Soo-hyung, a professor at the Graduate School of International Studies at Seoul ...
koreatimes.co.kr/www/biz/2024/04/488_373068.html
Rising won-dollar exchange rate threatens corporate earnings: Shares of Korean Air, Asiana Airlines and other low-cost carriers (LCCs) have been hit by a ...
koreatimes.co.kr/www/biz/2024/04/175_372824.html
IMF maintains Korea's 2024 economic growth outlook at 2.3% : The International Monetary Fund (IMF) kept its outlook for Korea's economic growth this year ...
koreatimes.co.kr/www/biz/2024/04/126_372844.html
Controversy erupts over different minimum wage for foreigners and seniors : Proposals regarding varying applications of minimum wage, particularly concerning ...
koreatimes.co.kr/www/nation/2024/04/281_372183.html
Home foreclosures soar as borrowers fail to meet mortgage repayment obligations : The number of homes that were foreclosed and put up for auction by the courts ...
koreatimes.co.kr/www/biz/2024/04/126_372232.html
BOK to keep current key rate longer than expected amid sticky inflation: Bank of Korea (BOK) Governor Rhee Chang-yong said Friday that the BOK will sustain its ...
koreatimes.co.kr/www/biz/2024/04/126_372578.html
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...
reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
marketwatch.com/story/bank-of-japan-could-intervene-this-week-to-boost-the-yen-as-currency-hits-34-year-low-18497f34
BOK rate cut elusive amid high oil prices, plunging won: The prospect of a key rate cut by the Bank of Korea (BOK) is dimming, clouded by global commodity prices ...
koreatimes.co.kr/www/biz/2024/04/488_373296.html
Tempered inflation warrants H2 rate cut: outgoing BOK rate-setter : The Bank of Korea (BOK) should be able to cut key rates in the latter half ...
koreatimes.co.kr/www/biz/2024/04/488_372816.html
-Bank of Korea decision
-Bank earnings
-UMich consumer sentiment
-Fedspeak
-US steel vote
Here's what to watch tomorrow www.bloomberg.com/markets
BOK to stand pat this quarter, cut 50 bps in the second half: Reuters poll: The Bank of Korea will keep its key policy rate unchanged for a 10th straight meeting ...
reuters.com/markets/asia/bok-stand-pat-this-quarter-cut-50-bps-second-half-2024-04-09/
Bank of Korea Warns of Economic Hit on Property Slump, Credit Woes: The Bank of Korea warned Thursday that a further slump in the real estate sector would ...
bloomberg.com/news/articles/2024-03-28/bank-of-korea-warns-of-economic-hit-if-property-slump-lasts
Paid articlePaid Exclusive: Bank of Korea considering forward guidance overhaul, sources say: The Bank of Korea is considering overhauling how it provides guidance on the likely ...
reut.rs/4aFxMSP
South Korea’s Inflation Tops 3% for Second Straight Month: South Korea’s headline inflation topped 3% for a second consecutive month in March ...
wsj.com/economy/south-koreas-inflation-tops-3-for-second-straight-month-d7abdb58
Bank of Korea Warns of Economic Hit on Property Slump, Credit Woes: The Bank of Korea warned Thursday that a further slump in the real estate sector would ...
bloomberg.com/news/articles/2024-03-28/bank-of-korea-warns-of-economic-hit-if-property-slump-lasts
Paid articlePaid Koreans spend more on interest payments than rent : The data compiled by Statistics Korea showed that the monthly interest rate payment for households nationwide ...
koreatimes.co.kr/www/biz/2024/04/126_372103.html
S.Korea consumer sentiment drops as food inflation emerges as top election issue: South Korea's consumer sentiment dropped sharply in March on growing worries ...
reuters.com/markets/asia/south-korea-consumer-sentiment-drops-worries-about-food-inflation-2024-03-26/
Quick Glance: South Korea: Consumer Sentiment Declines Due to Food Inflation
- South Korea's consumer sentiment dropped sharply in March due to rising concerns over food prices, becoming a significant political issue in the upcoming elections.
- The consumer sentiment index decreased to 100.7 in March from 101.9 in February, marking the largest monthly decline since October, according to the Bank of Korea's regular consumer survey.
- Higher prices of agricultural products have been linked in part to adverse weather conditions, with the opposition Democratic Party (DP) criticizing President Yoon Suk Yeol's administration for economic mismanagement.
- In response to the situation, the government has implemented measures such as subsidies and reduced tariffs on imported agricultural goods to curb inflation.
Korea to take part in global cross-border payments tokenization initiative : Central banks and commercial lenders in seven economies and the Bank for ...
koreatimes.co.kr/www/biz/2024/04/175_372043.html
Bank of Korea cautious in final stage of inflation fight: South Korea's central bank said on Thursday it needed to be cautious about a policy shift amid ...
reuters.com/markets/rates-bonds/bank-korea-cautious-final-stage-inflation-fight-2024-03-14/
Quick Glance: Challenges for Bank of Korea in Inflation Battle
- The Bank of Korea emphasizes the need for a cautious approach to potential policy changes due to existing economic risks.
- A premature shift to looser monetary settings could undermine policy credibility and send wrong signals to financial markets.
- There is high uncertainty regarding home prices and household debt.
- The Bank of Korea made it clear that it was still too early to initiate a turnaround in monetary policy and maintained interest rates at a 15-year high in February.
BOK advised to enhance communication with market regarding monetary policy : A potential rate cut by the Bank of Korea (BOK) here is unlikely to stoke home ...
koreatimes.co.kr/www/biz/2024/03/488_371426.html
Bank of Korea Member Sees No Rush to Cut Rate, Minutes Show: A Bank of Korea member sees no reason to rush into an interest-rate cut at a time when economic ...
bloomberg.com/news/articles/2024-03-12/bank-of-korea-member-sees-no-rush-to-cut-rate-minutes-show
BOK, FSS to conduct joint climate stress test with financial institutions: The Bank of Korea (BOK) and the Financial Supervisory Service (FSS) will conduct a ...
koreatimes.co.kr/www/biz/2024/03/488_371519.html
BOK rate cut possible after June following dovish US Fed stance : Korean shares rallied by more than 2 percent Thursday amid growing hopes for U.S ...
koreatimes.co.kr/www/biz/2024/03/175_371139.html
Migrant workers, caregivers condemn BOK suggestion to exempt foreign nannies from minimum wage
koreatimes.co.kr/www/nation/2024/03/281_370534.html
Morning Bid: Stocks drift lower again, India CPI on deck: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-11/
Mobile payment markets in Korea grow 15% annually : Mobile payment markets in Korea grew by 15 percent last year compared to the previous year ...
koreatimes.co.kr/www/biz/2024/03/175_370836.html
Senior BOK official suggests extension of retirement age for new parents : A senior official of the Bank of Korea (BOK) floated the idea of extending the ...
koreatimes.co.kr/www/biz/2024/03/488_370113.html
Korean economy grows 1.4% in 2023, unchanged from earlier estimate: BOK: Korea's economy grew 1.4 percent last year, matching an earlier estimate ...
koreatimes.co.kr/www/biz/2024/03/488_369996.html
Korean adults' financial literacy higher than OECD average: survey : Korean adults' financial literacy is higher than the Organization for Economic ...
koreatimes.co.kr/www/nation/2024/03/281_370168.html
Trump victory likely to frustrate BOK rate cut prospects: report : The possible reelection of former U.S. President Donald Trump would leave the baseline rate ...
koreatimes.co.kr/www/biz/2024/02/175_369783.html
BOK 'climate finance' drive underpins need for sustainable growth : The Bank of Korea (BOK) is fortifying research and analysis of climate risks ...
koreatimes.co.kr/www/biz/2024/03/488_370013.html
Debt-pressured 30-, 40-somethings spend less amid sustained high interest rate : Kim Ji-woong, a salaried worker in his mid-40s, says his family is increasingly ...
koreatimes.co.kr/www/biz/2024/02/126_369505.html
US overtakes China in post-pandemic tourism spending in Korea : U.S. inbound travelers spent the most in Korea last year as they looked to experience local ...
koreatimes.co.kr/www/biz/2024/02/488_369140.html
Updated FX regulations aim to simplify trading for foreign investors : Foreign investors will be able to trade Korea-listed stocks and bonds without navigating ...
koreatimes.co.kr/www/biz/2024/02/175_369251.html
[CONTRIBUTION] Why rate cuts are to come later this year : In October of last year, the 10-year Treasury yield in the U.S. experienced a significant surge ...
koreatimes.co.kr/www/biz/2024/02/175_369258.html
![[CONTRIBUTION] Why rate cuts are to come later this year](/web/db/posts/43163/43163205.jpg)
More young people leave once-sought-after jobs at financial institutions : Young finance sector workers in their 20s and 30s are quitting their ...
koreatimes.co.kr/www/biz/2024/02/126_368938.html
South Korea holds growth projection while flagging inflation risk: SEOUL -- The Bank of Korea on Thursday maintained its growth projection at 2.1% for this year ...
asia.nikkei.com/Economy/South-Korea-holds-growth-projection-while-flagging-inflation-risk
Will BOK trim growth outlook again? : The Bank of Korea (BOK) is attracting attention for its 2024 economic growth forecast for Korea next week amid increasing ...
koreatimes.co.kr/www/biz/2024/02/126_368866.html
Foreigners buy Korean stocks for 3rd straight month in January on chip sector recovery hopes
koreatimes.co.kr/www/biz/2024/02/175_368688.html
Korean stocks to stay range-bound in post-holiday sessions : Korean stocks are expected to remain range-bound after the long Lunar New Year weekend that runs ...
koreatimes.co.kr/www/biz/2024/02/126_368393.html
Bank of Korea faces uncertainties amidst board shuffle, warns ex-director : South Korea's Central Bank, the Bank of Korea (BOK), is undergoing a shakeup in ...
wionews.com/business-economy/bank-of-korea-faces-uncertainties-amidst-board-shuffle-warns-ex-director-696699
High prices, delayed US easing warrant rate freeze: BOK chief: Sticky inflation and a delayed dovish pivot by the U.S. Federal Reserve have made it hard for the ...
koreatimes.co.kr/www/biz/2024/02/488_369321.html
The Bank of Korea is expected to hold its benchmark interest rate steady as it undergoes a reorganization of its board that may influence the timing of a ... Show more trib.al/m5hgczp
Bank of Korea Holds Interest Rate, Stays Vigilant on Inflation After Trade Data: The Bank of Korea held its benchmark interest rate steady in a sign of continued ...
bloomberg.com/news/articles/2024-02-22/bank-of-korea-holds-rate-steady-stays-vigilant-on-inflation
Paid articlePaid
Surprising Lingard transfer: Why the former child prodigy moved to Korea: Jesse Lingard caused a stir with his unexpected move to South Korean club FC Seoul ...
transfermarkt.de/uberraschender-lingard-transfer-warum-es-das-ehemalige-wunderkind-nach-korea-zog/view/news/433660
Korea to unveil steps to ensure FX market adheres to global standards : Korea will introduce a series of measures this month to ensure that foreign exchange ...
koreatimes.co.kr/www/biz/2024/02/126_368362.html
2%-range inflation fails to spur consumers to open wallets: Consumer prices rose 2.8 percent in January, the government announced on Monday ...
koreatimes.co.kr/www/biz/2024/02/488_368265.html
BOK likely to keep rate unchanged to avoid 'last mile' risk : The Federal Reserve left interest rates unchanged on Wednesday but took a major step ...
koreatimes.co.kr/www/biz/2024/02/488_368073.html
Foreign reserves fall in January on strong dollar : Korea's foreign reserves declined in January due to the decreased conversion value of non-dollar assets ...
koreatimes.co.kr/www/biz/2024/02/488_368220.html
Bank of Korea Holds Policy Rate Steady as Expected: South Korea’s central bank kept its policy rate unchanged for an eighth consecutive time, as widely forecast ...
wsj.com/articles/bank-of-korea-holds-policy-rate-steady-as-expected-db6dd094
Tourism deficit rises as outbound tourists outnumber visitors: Tourism in the country has hit a new low with local outbound travelers heading overseas ...
koreatimes.co.kr/www/culture/2024/01/141_366685.html
[ANALYSIS] Bitcoin ETF controversy to continue: The financial authorities’ ban on the local trading and brokerages of spot bitcoin exchange-traded funds (ETFs) ...
koreatimes.co.kr/www/biz/2024/01/175_367567.html
![[ANALYSIS] Bitcoin ETF controversy to continue](/web/db/posts/42190/42190106.jpg)
Producer prices rise 0.1% in December on higher agriculture goods, gas costs : Korea's producer prices moved up 0.1 percent on-month in December due to the ...
koreatimes.co.kr/www/biz/2024/01/488_367420.html
South Korea GDP maintains 0.6% growth pace: SEOUL -- South Korea's economy maintained its growth clip in the final quarter of last year ...
asia.nikkei.com/Economy/South-Korea-GDP-maintains-0.6-growth-pace
Paid articlePaid BOK’s Rhee Seeks to Keep Focus on Prices While Aiding Stability: Bank of Korea Governor Rhee Chang-yong said he will stay focused on bringing inflation under ...
bloomberg.com/news/articles/2024-01-01/bok-s-rhee-seeks-to-keep-focus-on-prices-while-aiding-stability
Bank of Korea's Rhee eyes warning signs of prolonged monetary tightening: Bank of Korea Governor Rhee Chang-yong said on Monday recent market concerns over a ...
reuters.com/markets/rates-bonds/bank-koreas-rhee-eyes-warning-signs-prolonged-monetary-tightening-2024-01-01/
Quick Glance: US Helicopters Repel Houthi Attack, Sink 3 Ships, Kill 10
- US helicopters repelled a Houthi attack on a Maersk container vessel in the Red Sea, sinking three ships and killing 10 militants.
- The naval battle occurred as the attackers sought to board the Maersk Hangzhou.
- Maersk is pausing all sailing through the Red Sea for 48 hours after the attack.
- The Houthis have been targeting vessels in the Red Sea to show their support for Hamas and force major shipping companies to take the longer and costlier route around the Cape of Good Hope.
BOK's monetary policy board to undergo major reshuffle in April : The Bank of Korea's (BOK) monetary policy board is expected to undergo a major reshuffle ...
koreatimes.co.kr/www/biz/2024/01/488_366473.html
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