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  • 10-May – The rise of the doves - Updated Thu May 9, 2013

    Top 3 data/events • China – Modest recovery likely continued in April • India – Slower CPI increases expected • United States – Fed speakers are unlikely to surprise the market • Market focus • BoK’s surprise decision to cut 25bps is the start...

  • South Korea – BoK joins the ‘even more easing’ party - Updated Thu May 9, 2013

    • BoK unexpectedly cut its base rate by 25bps to 2.50%; we now see 50bps of more cuts in 2013 • The post-meeting statement cited external conditions, low inflation and mixed domestic demand • BoK will consider the effects of the supplementary budg...

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