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ING scaled back its Bank of Korea forecast to one rate hike in the third quarter from two previously. It cited record household debt of $1.3 trillion and slowing GDP growth in late 2017.
A slower Korean tightening path reduces pressure on the won and on the currency-driven cost of imported feed inputs, with limited direct effect on grain prices.
think.ing.comFeb 22, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
