InfoAnda - S.Korea inflation jump boosts Feb rate rise chance

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Historic Facebook debut falls flat | | 19 May 2012
Iran's Khatami denounces trial of protesters | 2 August 2009
German idea for new EU constitution gets mixed response | | 11 March 2012

Hobbit film sets December record in U.S., Canada debut | | 17 December 2012

Forum Views () Forum Replies ()

Read more with google mobile : S.Korea inflation jump boosts Feb rate rise chance

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World S.Korea inflation jump boosts Feb rate rise chance Reuters - 33 minutes ago Send IM Story Print * Jan inflation, manufacturing input prices both jump * Record Jan exports underpin sustained economic growth * Traders lift bets on rate increase as early as next week * President Lee says oil products sales tax may be cut By Kim Yeonhee and Yoo Choonsik SEOUL, Feb 1 - South Korean consumer inflation in January spiked more than expected above the central bank's target range as prices rose across the board, increasing the chances of a back-to-back interest rate rise next week. Purchasing managers at South Korean manufacturing firms reported input prices rising by their fastest monthly pace in nearly two years in January, a private-sector survey showed, indicating consumer inflation could quicken even further. But analysts said they were retaining their rate expectations for the entire year. The median forecast in the latest Reuters poll last month was for the central bank to raise the policy rate three more times in 2011 in addition to January's hike. "...What is more alarming is the rise in prices of industrial goods and services, which will heighten inflation expectations," said Kim Jong Su, economist at NH Investment & Securities. "There is a high possibility the BOK will hike base rates next week because there is strong pressure on the government to control inflation." President Lee Myung-bak told a televised joint interview that the government could lower domestic sales tax on oil products, a remark analysts said helped demonstrate the government's determination to fighting inflation. The spread of 1-year interest rate swaps over 3-month money market rates widened to a 6-1/2-month high as traders priced in a greater chance of an interest rate hike next week, but long-term bond prices held steady as inflation was seen easing over time. "Buying sentiment regained some momentum after the news conference and on expectation that the inflation would eventually subside after peaking during the first quarter," said Hong Sung-goo, a bond trader at Samsung Securities. Taxes account for around half of South Korea's auto fuel prices and a reduction in the levy would significantly ease inflation pressures, although the government has said a tax cut was reserved only for an emergency situation. BACK-TO-BACK TIGHTENING VERY RARE Economic data aside, some analysts said the Bank of Korea had only once raised interest rates for two successive months -- in 2007 to cool a property boom -- and so would likely still pause at its Feb. 11 policy meeting and raise rates next month. Currently the housing market remains far from heated and the inflation is led by raw materials and fresh food. Data showed on Tuesday housing prices rose 2.2 percent in January from a year earlier, up from December but far below the headline inflation. The central bank surprised markets last month by raising the benchmark interest rate a month earlier than expected. It was the third rate increase since the global financial crisis and analysts at the time saw the next hike coming in March or April. The spread of 1-year interest rate swaps over the 3-month certificate of deposit rate widened to 58 basis points, the highest since the middle of July last year, after a series of data were released early on Tuesday. The consumer price index rose 4.1 percent in January over a year earlier, up from a 3.5 percent gain in December and above a 3.9 percent rise forecast in a Reuters poll. Annual growth hit a 3-month high and stood above the upper end of the central bank's target band set at between 2 percent and 4 percent. The sub-index on input prices from the HSBC/Markit survey of purchasing managers in the South Korean manufacturing sector rose to a seasonally adjusted 65.23 in January from 62.38 in December, touching its highest since February 2009. Underlining a sustained recovery in Asia's fourth-largest economy despite some signs of slowing in late 2010, exports for the first month of the year rose by a record annual pace to a record amount, separate government data showed. Exports in January rose 46.0 percent from a year earlier to a record $44.89 billion, compared with a 41.25 percent gain forecast in a Reuters survey and following a revised 22.6 percent rise in December. Recommend Send IM Story Print Related Articles GLOBAL ECONOMY-China, India PMIs foreshadow rising inflation Reuters - 21 minutes ago Nikkei off 1-mth closing low, upbeat earnings help Reuters - 21 minutes ago CORRECTED - CORRECTED-UPDATE 1-GM weighs China plants, sees big Sail exports Reuters - 22 minutes ago Israel police question Hapoalim CEO on Dankner loan Reuters - 27 minutes ago India Mahindra to make full payment for Ssangyong by Feb 7 Reuters - 32 minutes ago News Search Top Stories BP says makes $4.9bln annual loss, first since 1992 U2's The Edge in row over Malibu home plans Canada investigates mass sled dog slaughter US golfer Woods finds old habits hard to shake Photos released to protect endangered Amazonians More Top Stories » ADVERTISEMENT Most Popular Most Viewed WikiLeaks' Assange 'dressed as old woman' to evade CIA: book Brain scan can tell if a smoker will quit US golfer Woods finds old habits hard to shake Egypt protesters call for 'million-man march' Photos released to protect endangered Amazonians More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 1 February 2011
Factbox
Chirac 'very well' despite Alzheimer's claim
US-TECH Summary
Iran hangs man convicted of apostasy
Al Jazeera TV says journalists released in Egypt
U.N. told North Korea has more secret atomic sites: envoys |
Google topples Nokia from smartphones top spot
Left wins governorship in violent Mexican state |
India insists on access to BlackBerry emails
Sudan says accepts south secession vote: Vice President |
Google dethrones Nokia with Android smartphone: study
Management Tip of the Day: Add structure to social media
Scandal-hit Berlusconi to present growth plan |
New app to bring U.S. art to wider audience
Chirac to attend trial in March: wife |
More news websites blocked in Iran
Elpida to buy all DRAMs made by Taiwan's Powerchip
Cyber raids 'threaten British, US stock markets'
Iran warns France over Louvre artefacts: report
LG plans European mobile swipe payment system in 2012
James Bond composer John Barry dies aged 77
Ceva sees strong 2011 demand for its mobile chips
Google dethrones Nokia with Android smartphone: study
LG plans European mobile swipe payment system in 2012 |
Toshiba faces $100 million gender bias lawsuit |
Facebook shopping discount service reaches Europe |
Baidu options suggest possible breakout after earnings |
Mobile 'apps' to be $58 billion market: study
US-TECH Summary
LG plans European mobile swipe payment system in 2012
Facebook shopping discount service reaches Europe
Toshiba returns to black for December quarter
Ceva sees strong 2011 demand for its mobile chips
Super Bowl offers chance to party with stars -- for a price |
David Arquette checks out of rehab |
Google launches Twitter workaround for Egypt
Top dissident arrested at Moscow rally
Baidu upbeat on outlook, targets social search
Canada investigates mass sled dog slaughter
Afghan drug war to be won with crops, not jails: judge
BP says makes $4.9bln annual loss, first since 1992
Google launches Twitter workaround for Egypt
US golfer Woods finds old habits hard to shake
Photos released to protect endangered Amazonians
Egypt braces for mass protests as army holds back
Egyptians gather for mass march to oust Mubarak |
Obama to meet with tech company CEOs on Tuesday
Storm threatens 100 million in US with snow, ice, cold
Egyptians seek million-strong march to oust Mubarak
Pakistan court blocks handing over of U.S. diplomat |
Oil hits $101 a barrel as Egypt protests mount
Google unveils Web-free 'tweeting' in Egypt move
U.S. urges Egypt's Mubarak do more
IBM touts social skills on RIM's PlayBook
WTO delivers verdict on Airbus vs. Boeing
Rival Koreas agree to military talks February 8 |
Governments, firms evacuate citizens from Egypt
Egypt's last working Web provider goes offline
Taliban 'abduct 21 Afghan tribal elders'
Wi-LAN reports more deals, expects to avoid court
S.Korea's Lee urges North to seize 'good chance'
Google topples Nokia from smartphones top spot
Countries evacuate citizens as Egypt crisis worsens
Australia evacuates coastal cities in path of big cyclone |
NZ extends special forces Afghan deployment
Toshiba faces $100 million gender bias lawsuit
Pakistan judge blocks any move to hand over US gunman
In Myanmar's gleaming new capital, uncertain promise |
EU calls for orderly transition in Egypt
Haiti opens door for return of ex-president Aristide |
South Korea's conciliatory Lee hints at summit with North
US-TECH Summary
Russian police arrest dozens at anti-government rallies |
Brittany Murphy death house averts forced auction
Israel's Netanyahu fears Egypt could go way of Iran
Australia evacuates coastal cities in path of big cyclone
Google topples Nokia from smartphones top spot
Floodwaters sweep away Bolivian bus, killing 31 |
US envoy to China quits amid 2012 buzz
Residents, tourists flee as cyclone nears Australia
Ivorian rivals dig in after AU panel move |
N. Korea dissent on rise: US study
Singapore grannies take up ballet to stay healthy
US-ENTERTAINMENT Summary
Brittany Murphy death house averts forced auction
U.N. told North Korea has more secret atomic sites
CBS orders replacements for "Two and a Half Men"
Japan volcano erupts with big blast of ash, rocks
Which network boasts the worst two-hour block?
Terrific actors face off in "Gruesome" play
U.S. wants TV producer to face homicide charge in Mexico
Lawsuit indicates new Rolling Stones tour in works
Google launches Twitter workaround for Egypt |
Wallace Shawn juggles acting jobs, play writing
NZ commodity prices hit record high in Jan
Director Peter Weir finds "Way Back" to big screen
Taiwan's central bank to closely watch prices
Obama to meet with tech company CEOs on Tuesday |
S.Korea c.bank urges capital controls coordination
IBM touts social skills on RIM's PlayBook |
Seoul shares rise as POSCO, insurers jump
Taiwan economic growth at 23-year high in 2010
Wi-LAN reports more deals, expects to avoid court |
NZ 98-day T-bills yield 3.07pct at tender
Baidu upbeat on outlook, targets social search |
S.Korea inflation jump boosts Feb rate rise chance
Seoul shares open up, POSCO gains
Baidu Q4 net profit nearly triples
Wage growth picks up in Q4, but jobs market soft
Eva Longoria and Tony Parker finalize divorce |
CBS orders replacements for Two and a Half Men |
U.S. wants TV producer to face homicide charge in Mexico |
Which network boasts the worst two-hour block? |
Brittany Murphy death house averts forced auction |
Terrific actors face off in Gruesome play |
Director Peter Weir finds Way Back to big screen |
Wallace Shawn juggles acting jobs, play writing |
Lawsuit indicates new Rolling Stones tour in works |
Val Kilmer going Deep with Texas indie drama |
Swiss block Duvalier millions under new law
Yeltsin was disappointed in Putin: ex-chief of staff
U2's The Edge in row over Malibu home plans
Jordan's king appoints new PM after protests |
Synagogue, schools attacked in Tunisia, fear spreads |
Next Irish government faces dire economy |
Iraq war casualties rise in January |
U.S. praises Kazakh leader for skipping referendum |
Indian warship collision caught on camera
U.N. offers to help Haiti prosecute Duvalier crimes |
India minister warns of 'stalemate' with Maoists
China Nobel laureate Liu 'denied prison visits'
Chinese hitchikes home to celebrate Spring Festival
What you believe, I don't
Happy New Year, it's on me
'Imlek': A family affair
Pakistani stocks end lower on economic concerns
China says web 'open' despite Egypt news curbs
Google touts game changer in online art viewing |
Thai inflation edges higher
Infineon, ARM shine; see steady growth |
Anger over 'accidental' death of Chinese activist
India's exports jump 36.4% in December
Egypt fears keep oil above $100, Asian shares gain
Mercedes relaunches premium Maybach in India
IMF says ready to help Egypt, others in trouble
Samsung offers full refund for Intel chip
Inflation fears as Asian manufacturing stays strong
S.Korea may cut tariffs, taxes to curb inflation
Lambert leads Academy of Country Music nominees |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01