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Forex Flash: BoK rate cut seen in February, not in January - Standard Chartered

By FXstreet.com,  January 03, 2013, 08:44:00 PM EDT

FXstreet.com (Barcelona) - South Korean Industrial production recovered strongly in November while internal demand was also notably higher, notes the Standard Chartered team. Meanwhile, CPI inflation fell in December from low levels, with exports weakening. According to the bank, the strong activity data "leads us to forecast a BoK rate cut in February, not in January..."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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