Financial News

Bank of Korea to leave rates at 1.75%

BoK is expected to leave rates at 1.75% on Thursday, but there is a small minority (2 out of 10) expecting a 25bps rate cut.

With growth and inflation subdued, BoK remains under pressure and the door remains open for further monetary easing this year.

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A very busy week ahead for UK events

It's a very busy week for UK events, with the BoE meeting tonight, IP data (Tues), BoE inflation report (Weds), and labour market report (Weds).

The BoE meeting should be a unanimous decision for no change, and a non-event.

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May BoE MPC announcement will likely see monetary policy unchanged

The focus in the upcoming week will primarily be on the Bank of England. The May MPC announcement (Mon) will likely see monetary policy unchanged. However, of more interest will be Wednesday's release of the Inflation Report.

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Negotiations about Greek debt to again come to the fore

The coming week is a key one for Greece. Negotiations over a compromise between Greece and its creditors continue ahead of Monday's Eurogroup meeting. A final agreement by then seems unlikely.

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Tory majority brings more clarity to fiscal outlook

The Tories' outright majority indicates that the economy is clearly heading for a major re-intensification of the fiscal squeeze next year. This will represent only the first step towards their ambitious plans to eliminate the overall deficit - which currently equals 5% of GDP - by 2018/19.

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