Bank of Korea Governor Rhee Changyong: CPI data in line with expectations.

Traders: Asian senior dollar bond spreads narrowed by at least 2 basis points.

Bank of Korea statement: There is a high degree of uncertainty in the IT industry.

Bank of Korea statement: core inflation is expected to be 3.3% in 2023, compared to the previous forecast of 3.0%.

Bank of Korea statement: The economy is expected to gradually improve from the second half of the year.

Bank of Korea statement: Inflation is likely to fall sharply before rebounding slightly for the rest of the year.

Bank of Korea statement: Economic growth will remain weak for some time.

Market news: U.S. Trade Representative Dai Qi will attend the APEC trade ministers meeting in Detroit in 2023.

Market news: U.S. trade representative Dai Qi will meet with the Australian trade minister on May 25.

The U.S. dollar index DXY hit 104, up 0.15% on the day.

Spot silver hit $23 per ounce, down 0.32% on the day.

Sony: Plans to occupy 60% of the entire image sensor market by fiscal year 2025.

Sony: Plans to occupy 39% of the automotive image sensor market share by fiscal year 2025.

Sony: It is expected that the image sensor market environment will be more severe this fiscal year.

The Bank of Korea expects the GDP growth rate to be 2.3% in 2024, lower than the 2.4% forecast in February; the CPI growth rate is expected to be 2.4% in 2024, lower than the 2.6% forecast in February.

The Bank of Korea expects a GDP growth rate of 1.4% in 2023, which was previously expected to be 1.6%; the CPI growth rate is expected to be 3.5% in 2023, the same as previously expected.

The Bank of Korea kept its benchmark interest rate unchanged at 3.50%, in line with market expectations.

Market news: Explosions were heard in the Kharkov region of eastern Ukraine, and the head of the regional military administration said that the region was under Russian artillery fire.

Monetary Authority of Singapore: The current policy stance is appropriate and will be reassessed in October.