not wait until they actually managed to hit the 2% target? it s a tricky decision. the fact is they stopped raising rates when inflation was above 4%, which was double the target, and the textbook says that if an inflation targeting bank, and inflation is more than double the target, you raise interest rates. but they have come to the conclusion that the balance of risks has shifted. while they did want to curtail inflation, and inflationary expectations had to be kept in check, which i think they have succeeded in doing, the balance of risk now shifts to concerns about growth and what that means for the banking sector etc. so i think they are going to cut rates, it s just a question of when. the next meeting, a month away, a lot can happen in a month, but as matters stand today, we think that might be a bit too early, but probably by the next meeting, cuts are very much in play. meeting, cuts are very much in .la , ,, meeting, cuts are very much in play. apple has found itself
says that if an inflation targeting bank, and inflation is more than double the target, you raise interest rates. but they have come to the conclusion that the balance of risks has shifted. while they did want to curtail inflation, and inflationary expectations had to be kept in check, which i think they have succeeded in doing, the balance of risk now shifts to worries about growth and what that means for the banking sector etc. so i think they are going to cut rates, it s just a question of when. the next meeting, a month away, a lot can happen in a month, but as matters stand today, we think that might be a bit too early, but probably by the next meeting, bank of korea cuts are very much in play. apple has found itself the target of a $1 billion lawsuit brought by more than 1,000 app developers in the uk, over its app store fees. the company charges commission of 15 30% for use of an in app
it was one of those in asia who aggressively hiked borrowing costs starting from 2021. earlier, i spoke to an oxford economist who explained how the latest data could influence the central bank. it is possible the bank of korea, one of those that aggressively raised interest rates, will cut back, but we don t think it s going to be just yet, especially given they are an inflation targeting bank, and even though inflation has been coming off, it is still above the 2% target, and i think the last one was 2.7%, but it has been declining. as you mentioned, inflation still at 2.7%, close to the 2% target but still not there yet, so why not wait until they actually manage to hit the 2% target? it s a tricky decision. the fact is they stopped raising rates when inflation was above 4%, which was double the target, and the textbook
is china but it is possible that the bank of korea is going to be one of those aggressively raised interest rates but we do not think it s going to be just yet especially given their inflation targeting bank and it is still above target. they have a 2% target and 2.7%, it s been to client. have a 296 target and 2.796, it s been to client. been to client. and close to two point been to client. and close to two point percent been to client. and close to two point percent target - been to client. and close to | two point percent target and so, why not wait until they actually managed to get a 2% target interview question about the fact is that raising rates of inflation was above li% which is double what the target was with the textbook says in the bank and it has been more than double what your target is and you raise interest rates but i think they ve come to the conclusion that the balance shifted what they did want to