“There may be little reason for rates to rise for now and the central bank will wait a couple more months,” said Kim Seung Hyun, head of research at Taurus Investment & Securities Co. in Seoul. “But as the economy picks up, inflation may accelerate and the central bank will have to consider lifting rates as soon as the second quarter.”
Tuesday, January 26, 2010
South Korea Fourth-Quarter GDP Growth Eases to 0.2% (Update2)
The won strengthened 0.3 percent to 1,146 per dollar at 9 a.m. in Seoul. Investors’ bets on South Korea’s economic rebound drove the nation’s benchmark Kospi stock index up 50 percent last year and the won 8.9 percent higher against the dollar. GDP expanded at the fastest pace in seven years in the third quarter.
“There may be little reason for rates to rise for now and the central bank will wait a couple more months,” said Kim Seung Hyun, head of research at Taurus Investment & Securities Co. in Seoul. “But as the economy picks up, inflation may accelerate and the central bank will have to consider lifting rates as soon as the second quarter.”
“There may be little reason for rates to rise for now and the central bank will wait a couple more months,” said Kim Seung Hyun, head of research at Taurus Investment & Securities Co. in Seoul. “But as the economy picks up, inflation may accelerate and the central bank will have to consider lifting rates as soon as the second quarter.”
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