Interest Rates
- Bank of Korea Chief Points to Gradual Rate Hikes Over the Next Six Months
After a 6-1 vote for a second straight rate increase, Governor Hyun Song Shin says he expects gradual hikes ahead, with board forecasts topping out at 3.50%.
- Korea's 3-Year Treasury Yield Falls to 3.816% Ahead of Bank of Korea Rate Decision
Korea's 3-year government bond yield fell for a third straight session to 3.816% on Aug. 26 as markets braced for the Bank of Korea's rate decision.
- US Inflation Holds at 3.4% in July, Weakening the Case for Another Fed Hike
US consumer prices rose 3.4% from a year earlier in July, matching forecasts — an in-line reading that eases pressure on the Fed and shifts the calculus in Seou
- Korea's Bond Market Leans Toward an August Rate Hold as July Inflation Cools
Slowing July consumer price growth has Korea's bond market expecting another Bank of Korea rate hold in August, even as core inflation edges higher.
- US Inflation Cools More Than Expected in June as Prices Broadly Retreat
US consumer prices eased to a 3.5% annual rate in June while producer prices fell 0.3%, with both readings undershooting forecasts and reviving rate-cut hopes.
