Asia Weekly: Dovish BoK minutes, bumper rate cut in Pakistan

The Bank of Korea’s minutes from its November meeting confirm that supporting the economy is now its main priority. We are expecting another 100bps of rate cuts next year in Korea. Meanwhile, Pakistan’s central bank cut rates by a bumper 200bps at its meeting this week. More cuts are likely next year, but with underlying price pressures still elevated and the economy showing signs of recovery, the pace of easing will slow.