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0 0 0.00118541934209231 0.00187691395831273 0.00187691395831273 0.00187691395831273 0.00286476341005623 -0.00128420428726658
Stock impact report

Bank of Korea Expected to Hold Rates as Economy Surprises [BNN Bloomberg (Canada)]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: BNN Bloomberg
All 21 economists polled by Bloomberg forecast the South Korean central bank will keep its policy rate at 3.5% for an 11th time. The bank last hiked in January 2023 and has since kept the rate at a level it calls restrictive as it continues to fight inflation. Investors will focus on expected upgrades to the bank's growth forecast. Governor Rhee Chang-yong said earlier this month that the central bank would reconsider the timing of potential interest-rate cuts, signaling a delay after South Korea's gross domestic product grew 1.3% in the first quarter, soundly beating a 0.6% forecast. The weak won adds to the case for standing pat. The currency has slumped against the dollar as anticipation of near-term rate cuts by the Federal Reserve fades thanks to strong US economic data. “The magnitude of the BOK's GDP upgrade will matter for inflation implications,” Jin Choi, an HSBC Global Research economist, said. “It could shake up the board's overall monetary policy view.” Rhee said l Show less Read more
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