United States of America and silver: the Korean Central Bank ' s July meeting or focus is weak

ON 9 JULY, US SILVER ECONOMISTS STATED IN A REPORT THAT THE MARKET GENERALLY EXPECTED THE CENTRAL BANK OF KOREA TO RAISE INTEREST RATES BY 25 BASIS POINTS ON 16 JULY, BUT THAT THE BANK’S STANCE ON THE KOREAN WON MIGHT BE MORE CRITICAL THAN THE INCREASE ITSELF. POLICYMAKERS MAY FOCUS ON THE CONTINUED WEAKNESS OF THE KOREAN WON. DESPITE THE FALL IN OIL PRICES AND REPEATED WARNINGS FROM THE AUTHORITIES, THE WEAK KOREAN WON KEPT INFLATION HIGH. ECONOMISTS HAVE POINTED OUT THAT THE CONTINUED OUTFLOWS OF FOREIGN EQUITY AND EXCHANGE RATE FLUCTUATIONS HAVE REINFORCED THE RATIONALE FOR FURTHER POLICY NORMALIZATION, BUT THAT SUCCESSIVE INTEREST RATE HIKES ARE NOT THEIR BASELINE EXPECTATIONS. THE MARKET WILL ALSO BE CONCERNED ABOUT WHETHER THE CENTRAL BANK OF KOREA WILL SHOW GREATER CONCERN ABOUT THE RISKS OF FINANCIAL STABILITY ARISING FROM RISING HOUSE PRICES AND LEVERAGING ETF TRANSACTIONS。