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Most BOK board members say monetary policy needs to remain restrictive

Five of the Bank of Korea's (BOK) six board members think monetary policy needs to stay restrictive for some time to bring inflation down to its 2% target as supply-side uncertainties persist, minutes of the bank's Jan. 11 meeting showed on Tuesday. The BOK held its benchmark rate at 3.50% for an eighth meeting in January and hinted it may pivot towards monetary easing along with its global peers, an outcome correctly forecast by all 38 economists polled by Reuters. "It is necessary to maintain a tightening stance until there is confidence that inflation is settling at the target level," one of the six board members said. ....

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Joy as Mapimpi's dilapidated old school transformed

After a R1.4m facelift, Springbok 2023 World Cup rugby star Makazole Mapimpi’s old Jim Mvabaza Senior Secondary School in Twecu, Tsholomnqa, was handed back to the community on Monday. Parents, teachers and pupils united in song and excitement to receive the refurbished school. ....

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Daily FX turnover hits all-time high in 2023 on increased securities trading

Daily foreign exchange trading by banks in Korea hit an all-time high in 2023 on increased stock trading by local and foreign investors despite decreased exports, central bank data showed Friday. ....

South Korea , Soult Ukpyolsi , Hana Bank , Exchange Trading , Foreign Investment , Vfx Market , South Korea , He Korea Times , Orea Times , Orean News In English ,

Consumer sentiment up for 2nd month in January amid moderating inflation, export recovery

Korea s consumer sentiment rose for a second consecutive month in January amid moderating inflation, a recovery in exports and hopes for an end in the Federal Reserve s rate hikes, a central bank poll showed Wednesday. ....

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