, Korea

Why analyst calls for a downward revision on Korea's inflation forecast

Initial estimate pegged at 1.7%.

According to DBS, the Bank of Korea is widely expected to keep rates unchanged at tomorrow’s MPC meeting.On inflation, the BOK’s forecast for this year (1.7%) should be revised down.

Here's more:

Headline CPI inflation has averaged 1.2% in the first three quarters of 2013 and dropped to only 0.8% YoY in September, helped by lower food and transport prices.

That said, the BOK would maintain the view that inflation will pick up to the high-2% level next year due to growth recovery and a less favorable base effect. Core inflation, a better indicator for underlying price pressure, has risen modestly to 1.6% in September.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.