Exports and private spending fared very well, providing a broad-based growth. |
I think an ample current account surplus is one of the factors that can boost the won and prompt intervention in the first quarter. |
The central bank is expected to tighten in the months of February and May this year. |
The central bank needs to take preemptive action to stem inflation as domestic demand will see a gradual expansion. Prices increases aren't temporary for this month. |