Market Chatter: Bank of Korea Cuts Growth Forecast Amid Political, Trade Woes

MT NewswiresJan 20 17:13

South Korea May Post Marginally Softer GDP Growth for 4Q 2024 -- Market Talk

WSJJan 17 14:06

Two "accidents" in 24 hours! Are the central banks in Asia facing an increasingly difficult "currency defense battle"?

① In the 24-hour period from Wednesday to Thursday this week, central bank rate decision-makers in Asia have surprised people with two "unexpected" moves; ② one being the unexpected decision by the South Korean central bank on Thursday to keep interest rates unchanged, not catering to the market's expectations of a potential third consecutive rate cut; ③ and earlier, the Indonesian central bank unexpectedly lowered rates on Wednesday to stimulate the economy, which swiftly undermined the exchange rates of the Indonesian rupiah.

cls.cnJan 17 10:14

South Korea Keeps Key Rate Unchanged at 3%

MT NewswiresJan 16 17:57

The central bank of South Korea temporarily maintains the interest rate unchanged and is open to further rate cuts in the next three months.

Gelonghui, January 16 | The Bank of South Korea maintained its policy unchanged and will closely monitor the Exchange Rates, domestic political turmoil, and factors such as Donald Trump's return to the White House before taking any further action on interest rate cuts. The decision made by the Bank of South Korea on Thursday indicates that most members of the monetary policy committee believe they have already taken sufficient measures to promote economic growth and prefer to temporarily focus on developments both overseas and domestically.

Gelonghui FinanceJan 16 12:25

Concerns about Exchange Rates intensify as the South Korea central bank unexpectedly maintains the interest rate at 3%.

The central bank of South Korea unexpectedly kept the benchmark interest rate unchanged at 3% on Thursday, while increasing support for small and medium-sized enterprises to boost the economy.

Zhitong FinanceJan 16 12:15