No Data
South Korea GDP Growth Likely Slowed in 2Q, WSJ Poll Says -- Market Talk
0036 GMT - South Korea's gross domestic product growth likely slowed in 2Q. The median forecast of five economists polled by The Wall Street Journal is for GDP to have grown 2.4% on year while shrinking 0.1% on quarter for the April-June quarter.
China's Central Bank Holds Key Policy Rates Steady -- Update
China's central bank kept key policy rates unchanged on Monday, indicating a likely hold on the country's benchmark lending rate later this month even as signs of economic weakness raise expectations that easing may be in the pipeline.
Citic sec: Optimizing the LPR mechanism to improve the quality and efficiency of finance.
Currently, OMO has gradually become the core of policy interest rates. Optimizing loan pricing benchmarks can help improve interest rate transmission efficiency, balance the goals of the money and credit markets, alleviate the impact of asynchronous pricing of deposits and loans, and help stabilize bank interest margins.
Bank of Korea Holds Firm Despite Softening Inflation
The Bank of Korea held its key policy rate steady at 3.5% on Wednesday, unchanged since January of 2023 despite the central bank declaring that "inflation has continued its slowing trend."
Bank of Korea's Move Prompts Citi to Delay Rate-Cut Timing Until October -- Market Talk
The Bank of Korea's unanimous rate-hold decision-- without any dissenters calling for policy easing--prompts Citigroup to delay its timeline for rate cuts. Citi now sees the start of easing in October instead of in August. The lack of "a dovish minority opinion" at the BOK's July meeting should lower the chances for a rate cut at the upcoming August meeting, Citigroup economists Jin-Wook Kim and Jiuk Choi write in a note.
Hana Financial Could Post Resilient 2Q Earnings on Strong Loan Growth -- Market Talk
0141 GMT - Hana Financial Group could post resilient 2Q earnings on strong loan growth, Daiwa Capital analysts Mike Oh and Daeho Son write in a note. The South Korean lender's aggressive loan growth