Leaving the policy 7-day repo rate unchanged, the BoK did revise higher their inflation forecast for 2021, taking it from 1.0% to 1.3%. So some further upward revision to our own forecasts seems like it may be worth a look. The 3% BoK forecast for GD...

As regular readers will know, I've written a lot about central bank communications policies (and how messed up they are), and in particular, the risk of a taper tantrum stemming from the "Nothing to see here!" Incidentally, it may be unhelpful of Pow...

At worst, protests may linger, cause domestic economic disruption, trigger limited US and EU sanctions on individuals in the ruling party, and threaten the post-Covid recovery in the key tourism sector. For a political tipping point, ie for the prote...

As G20 finance ministers and central bank governors meet virtually this week, the world continues to climb back from the worst recession in peacetime since the Great Depression. But it is going to be a long and uncertain ascent. Before the crisis, we...

Overview:The sharp recovery in US shares yesterday that saw the S&P 500 snap a five-day slide failed to carry into Asia Pacific trading earlier today. Losses were led by a 3% drop in Hong Kong as the first increase in the stamp duty (financial transa...

Furthermore, the measurement of values, such as respect for human rights or democracy, is fraught with subjectivity and lack of consistency. Agreement on which values matter most – eg are the following equally important? The link between economic gro...