ECB policymakers expect to tweak their inflation target in an upcoming review of their strategy but will struggle to go much further than that. The institution’s first fundamental assessment in 16 years might conclude with a goal of 2% -- instead of the current “below, but close to, 2%” which some governors worry risks leaving inflation too weak. (Bloomberg) The Bank of Korea left its key interest rate unchanged Friday, opting to preserve the policy room after two rate cuts this year to support an economy hurt by global trade tensions. South Korea’s central bank kept the seven-day repurchase rate at 1.25% in its last decision of the year, as expected. (Bloomberg) German inflation picked up more than expected in November to a five-month high, an encouraging sign for European Central Bank policymakers. Consumer prices rose 1.2% from a year earlier, compared with estimates for an acceleration to 1.1%. The improvement reflects higher costs for food and services, which offset a drag from energy and month-on-month slump in package holidays. (Bloomberg)   Source: Danareksa Sekuritas Debt Research