South Korean annual producer price inflation held steady in June after easing for two consecutive months although it remained relatively high, data showed on Friday, a week before the central bank's monthly policy meeting.
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Yields on South Korean government bonds rose early on Friday, as higher-than-expected inflation and solid exports data stoked expectations of more interest rate hikes this year following the government's upgrade of this* year's inflation forecast.*
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South Korea and Taiwan will not be ready to join the ranks of developed markets in MSCI's benchmark indexes until they have opened up their markets and made their currencies fully convertible, the index provider said on Tuesday.
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South Korean annual producer price inflation eased for a second consecutive month in May on a plunge in vegetable prices, data showed on Friday, as the central bank is expected to hold interest rates steady later in the day.
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South Korean inflation eased in May for a second consecutive month, coming in just below market expectations on lower fresh food prices, data showed on Wednesday, reinforcing the view that the central bank may keep interest rates on hold next week.
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South Korea said on Thursday that it will cut the ceiling on bank foreign exchange derivatives positions by a fifth, as expected, to curb short-term foreign debt and warned of possible restrictions on foreign-currency bond issuance at home.
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