{"id":43906,"date":"2023-04-11T05:25:00","date_gmt":"2023-04-11T04:25:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=43906"},"modified":"2023-04-11T18:27:19","modified_gmt":"2023-04-11T17:27:19","slug":"market-wrap-rate-concerns-weigh","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-rate-concerns-weigh\/","title":{"rendered":"Market Wrap – Rate Concerns Weigh"},"content":{"rendered":"\t\t
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Markets had plenty of news to react to during the Asian session, a boost for the Australian dollar<\/a> was that the Aussie Government decided to drop a major trade dispute against China.<\/p>

Speaking of China, the world\u2019s second-largest economy released inflation data this morning. China’s annual inflation rate unexpectedly came in at 0.7% in March 2023, compared with February’s print and market consensus of 1.0%.<\/p>

This was the lowest figure since September 2021, as the cost of both food and non-food eased further on the back of an uneven economic recovery after the removal of the zero-COVID policy.<\/p>

Food inflation fell to a 10-month low (2.4% vs 2.6% in Feb), due to a steeper drop in the cost of fresh vegetables and despite a faster rise in pork prices. Also, non-food prices continued to ease (0.3% vs 0.6%), linked to further declines in the cost of transport (-1.9% vs 0.1%) and housing (-0.3% vs -0.1%).<\/p>

By contrast, inflation was unchanged for health (at 1.0%) while cost quickened for education (1.4% vs 1.2%). Core consumer prices, excluding the volatile prices of food and energy, went up 0.7% yoy, after a 0.6% gain in February.<\/p>

It is also noteworthy that the Chinese CPI on a monthly basis unexpectedly dropped by 0.3%, the second straight month of fall, missing estimates of a flat reading<\/p>

The Bank of Korea kept its base rate unchanged at 3.5% during its April meeting, holding rates for the second consecutive time as the country continues to grapple with elevated inflation, a slowing domestic economy, and heightened global economic uncertainties.<\/p>

The decision was widely expected by analysts and was the first time that the central bank has kept the policy rate steady for two successive meetings since it embarked on a tightening campaign in August 2021.<\/p>

Inflation showed signs of easing in South Korea but has remained above the central bank\u2019s 2% target, leaving the door open for further rate increases. Meanwhile, the nation\u2019s cooling economy is pressuring the central bank to pause it\u2019s tightening campaign.<\/p>

South Korean exports, which are the country\u2019s main source of growth, contracted on year for a sixth straight month in March due to sluggish demand and higher global interest rates.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Markets had plenty of news to react to during the Asian session, a boost for the Australian dollar was that the Aussie Government decided to drop a major trade dispute against China. Speaking of China, the world\u2019s second-largest economy released inflation data this morning. China’s annual inflation rate unexpectedly came in at 0.7% in March […]<\/p>\n","protected":false},"author":4,"featured_media":43908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[380,762,415,772,102],"yoast_head":"\nMarket Wrap - Rate Concerns Weigh - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-rate-concerns-weigh\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Rate Concerns Weigh Market Wrap - Rate Concerns Weigh\" \/>\n<meta property=\"og:description\" content=\"Markets had plenty of news to react to during the Asian session, a boost for the Australian dollar was that the Aussie Government decided to drop a major trade dispute against China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-rate-concerns-weigh\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-11T04:25:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-11T17:27:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/04\/GettyImages-481466958.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"683\" \/>\n\t<meta property=\"og:image:height\" content=\"429\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - 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