Bank of Korea to Lower New Inflation Target: Bloomberg Survey

The following table shows economists’ forecasts for the Bank of Korea’s inflation target to be applied from 2016. The target for 2013 to 2015 is 2.5%-3.5%.

The midpoint of a new target range to be set by the Bank of Korea is likely to be at 2.5 percent, according to the survey, which was conducted Sept. 22-24.

Firm                   Economist     Revised Inflation Target
ANZ Banking Group      R. Yeung      2%-3%   
Barclays               W. Leong      1.5%-3.5%
Citi                   J. Chang      2%-3%   
Eugene Investment      S. Lee        2%-4%   
KB Investment          S. Kim        1.5%-2.5%
NH Investment          K. An         2%-3%   
Nomura                 Y. Kwon       1.5%-3.5%*
Samsung Securities     S. Lee        2%-3%   
SG Securities          S. Oh         1%-3%   
Standard Chartered     C. Park       2%-3.5% 

*Note: Nomura says it expects the BOK to release new target as a single forecast of 2.5% or a 1.5%-3.5%.

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