Skip to main content

BoK hawkish, vaccine hopes, Singapore trade softens

Policymakers in Korea have started to sound increasingly hawkish about the outlook for monetary policy, supporting our view that the Bank of Korea will begin raising interest rates before the end of the year. Meanwhile, we have cut our Singapore growth forecast for this year from 7.0% to 6.0% to reflect the recent pullback in exports and the government’s decision to postpone the planned reopening of the economy.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.