Wednesday, April 12, 2017

MPC meeting tomorrow, the Bank of Korea ... Attention growth forecast



[Korea Selected financial newspaper reporters - gathers interest to the Bank of Korea Monetary Policy Committee came up with tomorrow (13). In addition to whether or not the base rate adjusted down to 2% in the middle of the year is scheduled the announcement gross domestic product (GDP) growth forecast for modification.

8 months freeze that is based on an annual interest rate of 1.25% is the weight carried on sustainability. According to the Korea Financial Investment Association, 129 agency debt related workers 200 people targeted survey respondents predicted a 99% interest rate freeze as long as two months on the basis of such "household debt, strong increases in size and speed, and US economic indicators.

Sindongsu Eugene Investment & Securities bond analyst also analyze and 'bodily indicators such as exports improve and dwaetgo uncertainties of growing inflation mitigation atda even exceed 2% again, saying, "April unanimous MPC base rate freeze is expected.

Interest is gathering mood of whether growth forecast modifications. The Bank of Korea announced in January growth forecast to 2.5% to 0.3% is a point or a down-bar than 2.8% announced in October last year.

Recently, etc. export, consumption, albeit somewhat coming out this analysis the current economic recovery appears. In the government last 11 days Green Book (Recent economic trends) announced that "recently, our economy is export five months as the continuous increase in the improved flow of production and investment spree also rebounded consumption was sluggish whilst and recovery state signs appear Diagnostics did.

According to the Green Book, March exports showed a double-digit rise three months increased by 13.7% than the same month last year, thanks to items such as petroleum semiconductors. Another record was minus 2 Retail sales rebounded 3.2% more ohreumyeo delivered to the increase in passenger and cosmetics in February.

10 One International Finance Center aggregate overseas investment banking (IB) also raised the GDP this year, Korea's economic growth forecast to 2.5% in March from 2.4% in February. In the private Korea Economic Research Institute it took the high points this year and 0.4% economic growth forecast from 2.1% to 2.5%.

However, internal and high voices outside circumstances, but it never nokrok is not. United States Trump administration of trade protectionism, Saad (THAAD) batch of China-related economic reprisals, here recently peninsula geopolitical risks also there are exposed to considerable uncertainty factors anahseoda.

This year, the Bank of Korea maintained a growth forecast of 2.5% to the existing, or even raise it silrigo force on the day slightly rea views.

Gimjiman HMC Investment Securities bond analyst 'significant adjustments in the existing growth rate of the central bank expects no "saying," Despite Saad retaliation and sluggish domestic demand in China and exports showed a strong, technically a preliminary figure of national accounts and recent in the same home due to a difference due to the preliminary year growth rate has the effect increased about 0.045% points' he explained.

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