Ample liquidity, hopes for economic recovery to offset inflationary fears
Posted : 2021-03-08 17:00
Updated : 2021-03-09 09:11
U.S. President Joe Biden speaks after the Senate approved a $1.9 trillion virus relief plan, at the White House in Washington, D.C., Saturday. Reuters-Yonhap
By Lee Min-hyung
Ample liquidity and rising hopes for a post-coronavirus economic recovery will offset escalating inflationary fears amid rising interest hikes, market experts said Monday.
The Bank of Korea (BOK) and financial authorities here have placed top priority on revving up the economy this year despite concerns over inflation-driven bubbles in the nation s asset market.
Economists here remained optimistic for the economy to achieve a major rebound in 2021 under the precondition that the coronavirus threat diminishes gradually and any possible COVID-19 mutations do not bring any further economic damage.
Korea s GNI drops amid pandemic shock koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Dollar gaining ground on hopes for new US president
Posted : 2021-01-11 16:42
Updated : 2021-01-11 20:43
Traders work at a dealing room at the Hana Bank headquarters in Seoul, Monday. A screen in the background shows the rising won-dollar exchange rate which closed at 1,097.3 won per dollar, up 7.5 won, from the previous trading day. Yonhap
By Lee Min-hyung
The U.S. dollar is gaining ground against the Korean won on hopes of a faster-than-expected economic rebound of the world s largest economy after the Biden administration takes office.
After pandemic fears started escalating in April last year, the won-dollar exchange rate dipped to below the 1,100-won level per dollar. Early last year, the won was traded at as high as around 1,280 won per dollar.