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14 July 2022 The BoK Approaches the End of the Road with a Pre-emptive Hike

Craig Botham13th Jul 2022 13:52China+, Daily Monitor

The BoK hiked by 50bp, but managed to sound dovish about the path ahead.

China’s trade balance hit a record surplus in June, driven by ongoing reopening dynamics.

Domestic demand is falling, with fiscal stimulus still too limited to provide a boost, rather than a floor.

bok bond issuance copper core inflation e.u. energy exporters exports fiscal stimulus government headline inflation import growth imports inflation forecasts infrastructure spending intermediate goods July labour labour market liquidity local government local governments November oil pboc policy q1 q3 rmb trade trade balance trade data trade surplus transport u.s. us

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