Economic growth drops to 3% in Pakistan
Islamabad: The World Bank has lowered Pakistan’s economic growth forecast for the current fiscal year. It now expects growth at 3%. Previously, the government aimed for 4.2%. This revision reflects challenges in agriculture, trade, and recovery from recent floods.
South Korea’s 3-year Treasury yield is forecast to fall to an average of 2.53% by end-2026, as market experts anticipate monetary easing amid persistent economic risks, though supply concerns and policy uncertainty remain.
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Government Bond Futures Turn Bearish as Market Eyes Changes in Monetary Policy Statement
South Korean government bond futures declined after the Bank of Korea held rates steady but raised its 2025 growth and inflation forecasts, with markets cautious ahead of the monetary policy statement.
Citi forecasts the Bank of Korea will shift its policy guidance to a prolonged rate hold at the November meeting, with a 2025 rate hike seen as highly unlikely due to persistent output gap concerns and moderate inflation, while rate cuts could resume in late 2026 if growth and inflation remain subdued.
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Citi Expects Bank of Korea to Shift Guidance to Rate Hold at November Meeting—Rate Hike in 2025 Seen as Unlikely
Citi forecasts the Bank of Korea will shift its policy guidance to a prolonged rate hold at the November meeting, with a 2025 rate hike seen as highly unlikely due to persistent output gap concerns and moderate inflation, while rate cuts could resume in late 2026 if growth and inflation remain subdued.
[Monetary Policy Committee Interview]CA-CIB Expects Bank of Korea to Hold Rates in October, Citing Real Estate and FX Concerns
CA-CIB expects the Bank of Korea to hold rates in October, citing real estate and FX volatility, while revising growth and inflation forecasts amid global trade and policy uncertainties.
South Korean government bond yields edged lower as the Bank of Korea held rates steady, with foreign buying and U.S. Treasury moves supporting the market; investors await signals of dissent at the central bank's press conference.
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Nomura Withdraws Forecast for Bank of Korea Rate Hold This Year—Now Expects October Cut, Recommends 1-Year IRS Long Position
Nomura Securities now expects the Bank of Korea to cut rates in October, revising its previous hold forecast, and recommends a 1-year IRS long position as US Fed easing expectations advance.
The US Federal Reserve held rates steady for the fourth straight meeting, maintaining its signal for two cuts this year, while lowering growth and raising inflation forecasts amid ongoing economic uncertainty.
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Fed Holds Rates Steady for Fourth Consecutive Meeting—Signals Two Cuts Remain on Table for This Year (Update)
The US Federal Reserve held its policy rate steady for the fourth consecutive meeting, maintaining the federal funds rate at 4.25–4.50% and signaling two additional cuts remain likely this year, while revising growth forecasts downward and raising inflation projections amid persistent economic uncertainty.
The Bank of Korea cut its base rate to 2.50% and halved its 2025 growth forecast to 0.8%, citing significant downside risks and persistent economic sluggishness, while signaling a continued easing bias and close monitoring of financial stability and inflation trends.
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Bank of Korea Signals Sharply Lower Growth Outlook in Latest Policy Statement
The Bank of Korea cut its base rate to 2.50% and halved its 2025 growth forecast to 0.8%, citing significant downside risks and persistent economic sluggishness, while signaling a continued easing bias and close monitoring of financial stability and inflation trends.
Korea Institute of Finance Sharply Lowers Growth Forecast After Five Months - '2023 GDP Growth 2.0% → 0.8%'
Korea Institute of Finance drastically cuts 2023 GDP growth forecast from 2.0% to 0.8%, citing weak domestic demand and export concerns amid global uncertainties
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