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Top related persons:
BOK - 1 Irene Cheung - 1 Anant Chandak - 1 Devayani Sathyan - 1 Susobhan Sarkar - 1 Jonathan Cable - 1 Hari Kishan - 1 Jan Harvey - 1
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BENGALURU South Korea Asia
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Bank of Korea - 1 U.S . Federal Reserve - 1 European Central Bank - 1 ANZ - 1 U.S . Fed - 1 Thomson - 1

Search resuls for: "Irene Cheung"


2 mentions found


☆ BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024, Reuters poll shows
  + stars: | 2023-07-11 | by ( Anant Chandak | ) www.reuters.com   time to read: +2 min
SummaryCompanies BOK to hold base rate at 3.50% at July 13 meetingBENGALURU, July 11 (Reuters) - The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on Thursday and for the rest of the year as inflation continued to ease, a Reuters poll of economists predicted, but rate cut forecasts were pushed back by a quarter to early 2024. Median forecasts showed interest rates would remain on hold until the end of this year, followed by a 25 basis-point cut in the first quarter of 2024. In a May poll the quarter percentage-point cut was expected to come by end-2023. But a rate cut will depend on how quickly inflation falls. The survey also predicted South Korea's economy would grow 1.2% this year and 2.3% in 2024, the same as the previous survey.
Persons: BOK, Irene Cheung, Anant Chandak, Devayani Sathyan, Susobhan Sarkar, Jonathan Cable, Hari Kishan, Jan Harvey Organizations: Bank of Korea, U.S . Federal Reserve, European Central Bank, Reuters, ANZ, U.S . Fed, Thomson Locations: BENGALURU, South Korea, Asia
☆ Thai c.bank to raise rates 25 bps, tourism to bolster growth: Reuters poll
  + stars: | 2023-01-23 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +3 min
Unlike its neighbours in Malaysia and Indonesia, The Bank of Thailand (BOT) is expected to keep tightening policy for awhile longer. Twenty-one of 23 economists polled by Reuters expected the BOT to raise its benchmark one-day repurchase rate (THCBIR=ECI) by 25 basis points (bps) to 1.50% on Jan. 25. This gives the BOT room to continue hiking rates, to continue anchoring inflation expectations." The poll median showed the central bank would then raise borrowing costs by another 25 bps, taking it to 2.00% by end-September. "The combination of improving growth prospects and still-elevated inflation gives the central bank room to continue reducing policy accommodation."
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