Bank of Korea to Lower New Inflation Target: Bloomberg SurveyJiyeun Lee and Myungshin Cho
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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