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BoK on hold, Malaysia Q4 GDP, election roundup

The Bank of Korea looks almost certain to leave interest rates unchanged at its meeting on Thursday. Instead, the focus will be on the tone of the statement. We expect the central bank to start sounding more dovish, as concerns about inflation continue to ease.

The final estimate of Malaysia’s Q4 GDP published earlier today showed the economy slowed at the end of last year. With exports set to struggle and monetary and fiscal policy likely to remain tight, we expect growth to remain weak over the coming quarters.

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