Shake-up at Bank of Korea to tilt policy balance after virus fight [Reuters]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
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Source: Reuters
Shake-up at Bank of Korea to tilt policy balance after virus fight SEOUL (Reuters) - A sweeping change of guard at South Korea’s central bank next month may trigger faster policy normalisation as President Moon Jae-in keeps his sights on taming the country’s runaway home prices by stacking the monetary board with hawks. Asia’s fourth-largest economy must first battle through a downturn from the impact of the coronavirus health crisis with at least one more rate cut, but April’s board overhaul could end the central bank’s rate-cut cycle, analysts say. Four of the Bank of Korea’s seven board members will retire on April 20 and one is due to leave by August. Replacing the members without upsetting capital flows or the country’s large household debt is one of the biggest policy challenges facing the liberal leader. It is also the perfect opportunity for him to turn the spotlight on property prices instead of reflating economic growth, current and former officials with knowledge of the pro
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News
- Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group files its FY2023 Form 20-F to the SECPR Newswire
- EQT AB (publ) Q1 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (NYSE: SHG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]BNN Bloomberg
SHG
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- SHG's page on the SEC website