.
Quick summary of BoK Lee remarks during press.
- Not reading too much into the specific fx lvl.
- FX fluctuation shd not be attributed to our issue only like the past.
- 1 for 3.5 vs 5 leaves the door open for 3.75 among MPC members.
- There are different opinions on inflation path among MPC members.
- No rate hike is needed if inflation moves in path we expect.
- Considerable time from MPC stmt doesn't point to 6M ( In the past, it points to 6m). We need confidence that inflation returns to 2% target.
- Inflation exp can change according to govt policy for public utility fee in the future.
- 3y & 10y bonds yields can be lower than policy.
-It is no problem to get inflation slow w/ the door open for additional rate hike. Rate hike is possible if inflation path we think changes.
- It's judged that money mkt has somewhat stabilized tks to preemptive measures done by govt and BoK.
- Will not allow big gap bw policy rate and short-term rates via open mkt operation.
- Hv premise that inflation is likely to decline pretty much after Mar. Hving a watch stance is better than rate hike now.
- There was some changes to make us to look domestic factors for policy.
- The door open for our forecast cuz we hv to consider both inflation and Fed policy.
- He feels relief after today's fx move, thinking that fx is more affected by decision of the US.
- When asked abt if he has confidence that the inflation returns to 2% range this yr, He didn't reply.
- Pension funds and some institutions who hv held $ reserves were most Korean bonds sellers in Jan.
- Kor-US rates differential does not mechanically affect fx. And there's not specific fx lvl to respond.
In case you may hv missed.
Quick summary of BoK Lee remarks during press.
- Not reading too much into the specific fx lvl.
- FX fluctuation shd not be attributed to our issue only like the past.
- 1 for 3.5 vs 5 leaves the door open for 3.75 among MPC members.
- There are different opinions on inflation path among MPC members.
- No rate hike is needed if inflation moves in path we expect.
- Considerable time from MPC stmt doesn't point to 6M ( In the past, it points to 6m). We need confidence that inflation returns to 2% target.
- Inflation exp can change according to govt policy for public utility fee in the future.
- 3y & 10y bonds yields can be lower than policy.
-It is no problem to get inflation slow w/ the door open for additional rate hike. Rate hike is possible if inflation path we think changes.
- It's judged that money mkt has somewhat stabilized tks to preemptive measures done by govt and BoK.
- Will not allow big gap bw policy rate and short-term rates via open mkt operation.
- Hv premise that inflation is likely to decline pretty much after Mar. Hving a watch stance is better than rate hike now.
- There was some changes to make us to look domestic factors for policy.
- The door open for our forecast cuz we hv to consider both inflation and Fed policy.
- He feels relief after today's fx move, thinking that fx is more affected by decision of the US.
- When asked abt if he has confidence that the inflation returns to 2% range this yr, He didn't reply.
- Pension funds and some institutions who hv held $ reserves were most Korean bonds sellers in Jan.
- Kor-US rates differential does not mechanically affect fx. And there's not specific fx lvl to respond.
In case you may hv missed.
미국 정부 고위당국자는 삼성전자와 SK하이닉스가 중국 공장에서 일정 기술 수준 이상의 반도체를 생산하지 못하도록 한도를 설정하게 될 것이라고 언급
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https://naver.me/5ucFkfUX
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美 당국자 “삼성·SK가 中서 만드는 반도체 수준에 한도 둘 것”
미국 정부 고위당국자는 삼성전자와 SK하이닉스가 중국 공장에서 일정 기술 수준 이상의 반도체를 생산하지 못하도록 한도를 설정하게 될 것이라고 밝혔습니다. 앨런 에스테베스 상무부 산업안보 차관은 현지시각 어제(23일)