The Bank of Korea’s latest minutes show the central bank has become more upbeat on the near-term growth outlook and more concerned about rising property prices in Seoul. This reinforces our view that the BoK will keep rates on hold at its final meeting of the year in late November.
Malaysia’s revised Q3 GDP figures show the economy rebounded strongly last quarter, helped by robust investment. The strong growth rate suggests Bank Negara Malaysia will be in little hurry to resume its easing cycle.
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