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BBH analyst Masashi Murata says South Korea's Q3 GDP grew 3.8% year on year, the fastest pace since Q1 2014, and that the won has been strong in 2017. The Bank of Korea raised rates by 25 basis points to 1.50% in November, its first hike since June 2011, while November headline CPI slowed to 1.3%.
The analysis expects solid growth to continue and limited pressure for further rate hikes.
Solid growth supports Korean demand for feed and meat, while a strong won keeps dollar-priced imports affordable. Modest inflation suggests the currency is unlikely to weaken sharply soon.
octaafrica.netDec 28, 2017Not 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.
