热门标签

皇冠备用网址(www.hg9988.vip):S.Korea June consumer inflation hits near 24-yr high, exceeds expectations(Update)

时间:3个月前   阅读:30   评论:1

皇冠备用网址www.hg9988.vip)是一个开放皇冠网址即时比分、皇冠网址代理最新登录线路、皇冠网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠新现金网平台。

The consumer price index (CPI) rose 6.0% in June from a year before, speeding up from a 5.4% rise in the previous month and exceeding 5.9% tipped in a Reuters poll.

SEOUL:

South Korea's June inflation accelerated to the fastest pace since the Asian financial crisis, fanning expectations the central bank could deliver a 50 basis point rake hike for the first time next week to cool prices and curb capital outflows.

The consumer price index (CPI) rose 6.0% in June from a year earlier, government data showed on Tuesday, the fastest since November 1998 and exceeding the central bank's 2% target for the 15th consecutive month.

The CPI also sped up from a 5.4% rise in the previous month and exceeded the 5.9% tipped in a Reuters poll.

Tuesday's data comes after Bank of Korea Governor Rhee Chang-yong said he will keep the door open for a possible 50 basis point hike as he monitors key economic data before the bank's next rate decision on July 13.

A half-percentage-point interest rate increase, if delivered, will be the first-time in the central bank's history.

In a meeting held after inflation data release, BOK deputy governor Lee Hwan-seok said the bank "needs to be particularly vigilant against further strengthening of inflationary expectations", addingcurrent inflation trends will continue for the time being.

September futures on three-year treasury bonds KTBc1 rose 0.15 points, while those on 10-year bonds 10TBc1 gained 0.09 points. The Kospi .KS11was up 1.77% at 2,341.08 and the won edged up.

,

皇冠管理端登3手机www.hg108.vip)实时更新发布最新最快最有效的皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3网址,新2网址大全。

,

The BOK has delivered five 25-basis-point interest rate hikes since last August to 1.75%, the highest since mid-2019, joining a global wave of policy tightening as central banks grapple with price spikes not seen in decades.

Chances of a 50 basis point hike have been growing after the U.S. Federal Reserve in June raised its rate by 75 basis points.

Many market watchers speculate the BOK would want to keep the rate spread between South Korea and the United States in check to slow any capital outflows.

"This data raises possibility of a big step hike in July," said Ahn Jae-kyun, an analyst at Shinhan Financial Investment.

"Inflation expectations are also at a high level, so even if the headline inflation didn't hit 6%, the BOK now has all the right reasons go for a big step."

The BOK sees the inflation trajectory higher than projected earlier and said it would closely assess debt repayment burdens to determine whether a half-percentage point hike would be appropriate.

Even so, analysts have been warning that household debt at a record level and slowing exports growth mean the BOK shouldn't rush rate hikes.

Overseas sales of South Korean goods logged their slowest growth in 19 months in June, fuelling concerns about the health of the economy.

"Policymaking will become all the more difficult as they have a mix of upside inflation risks and downside economic growth risks continuing for the time being," said Park Seok-gil, an analyst at JPMorgan Chase Bank. "We expect a 50 bp rate increase in July by the BOK and three 25-bp increases for the rest of this year."

上一篇:Telegram搜索技巧:联博api(www.326681.com)_闪电网络Neutronpa完成225万美元种子轮融资,Hivemind Ventures领投

下一篇:电报群:Student loan-backed bond sales plummet

网友评论

  • 2022-09-14 23:47:43

    Eligible campaigns are presented in an interactive format comprising a four-minute creative reel summary, followed by a six-minute oral presentation highlighting significant aspects of the campaigns, and a question and answer session of eight minutes.忠粉有奖励吗