News Snapshot:
Earlier in the week, South Korea’s central bank raised its benchmark rate by 0.25 percentage points following a half-percentage point increase in October. Cushioning The European Central Bank (ECB) is expected to moderate rate increases in December after consecutive 0.75 percentage point moves. Minutes of the ECB’s last policy meeting revealed a preference for a 0.5 percentage point lift next month, amid a deteriorating economic outlook. Markets are fully priced for a half-percentage point move on December 15. Hope that US inflation may be under control has bolstered bets on a soft landing for the world’s biggest economy, which could...
