The real interest rate, a nominal yield minus expected inflation, reflecting the pure cost of borrowing money.
Watch 2
Predictions & track record (2)
Awaiting gradingThe won came back 115 against the dollar in a month, and not because the dollar weakenedScore on August equity flows and the rate. If foreign investors return to heavy net selling and the rate still holds below 1,450 at month end, count it as the surplus coming through, and if the rate slides back above 1,500 as selling resumes, count it as a lull.