Tuesday , 21 January 2025
Home Forex Bank of Korea Governor Rhee says oil prices will continue higher than expected
Forex

Bank of Korea Governor Rhee says oil prices will continue higher than expected

Earlier from the Bank of Korea:

Governor Rhee now:

  • Friday’s rate decision was unanimous
  • One in seven board
    member said door for a rate cut should be open for next three-months
  • Uncertainties to
    inflation outlook higher
  • All seven members
    said hard to predict policy decisions for the second half
  • Rate cuts might be
    difficult this yr should inflation remain sticky
  • Have not signaled
    for a rate cut
  • Have more room to
    focus on domestic conditions in deciding monetary policy this yr than
    last
  • Oil prices are going
    higher than expected
  • Won’s recent weakness affected by strong US dollar
  • US

    Fed’s signal for pivot allowed monetary policies here in korea to be
    decoupled from it

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Nasdaq Futures Analysis for Today

TradeCompass for Nasdaq Futures – January 21, 2025Current Overview:The Nasdaq Futures (NQ)...

Gold price sticks to intraday gains above $2,725, over two-month top amid trade war fears

Gold price (XAU/USD) attracts some follow-through buying for the second successive day...

Westpac Banking Corporation Elliott Wave analysis [Video]

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX)...

USD/INR climbs as Trump 2.0 era begins

The Indian Rupee (INR) tumbles on Tuesday after reaching a one-week high...