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27th Nov 2024 10:29China+Daily Monitor

  • The BoK surprised the market yesterday by cutting the base rate by 25bp to 3.00%.
  • Growth risks figured prominently, notably related to US protectionism and China’s competitiveness.
  • The BoK should keep easing, as long as USDKRW weakens roughly in line with other major currencies.

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Keywords for: 29 November 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence