Bloomberg The Bank of Korea (BOK) once again looks set to spearhead Asia’s first interest-rate hikes, after Governor Lee Ju-yeol said policy normalisation is in the pipeline this year, triggering a recalibration of market bets. As pandemic-era stimulus runs the risk of inflating asset bubbles and spurring more volatility in capital flows across the region, several central banks have stressed …

Bloomberg Mexico’s central bank is seen holding its key interest rate at a five-year low, as policy makers expect that recent price shocks will prove to be transitory. The bank, known as Banxico, unanimously voted to keep borrowing costs at 4% in its last two meetings, after inflation hit 5.9% in May — far above the bank’s 4% target ceiling. …

Bloomberg The Bank of England (BOE) pushed back against speculation that a surge in UK inflation means it’s preparing to boost interest rates, saying the economy still needs support to recover from the pandemic. The central bank warned against “premature tightening,” toughening its language on the need to maintain stimulus. The remarks contrasted with a sharp increase in the bank’s …