Huw McKay Quotes (5 Quotes)

The general pitch of all of today's numbers is quite strong and that's something that we haven't seen for some time.

China will be held to account if it attempts to dump excess capacity on overseas markets.

Import volumes were less weak than previously reported. That's another sign that domestic demand is quite strong.

The fact there is excess capacity tells you there is going to be a consistent weight on the price of manufactured goods. There is a continuous need to discount because of this supply glut. There's no great acceleration in the wings.

Today's decision is a very strong recognition that the Bank of Korea is backing a recovery in the domestic economy. It shows they're prepared to back that forecast in the face of a strong won exchange rate.