Bank of Korea Governor Rhee:
- inflation conditions are appropriate for a rate cut
- today’s on hold policy decision was unanimous
- rising financial stability risks warranted the decision to keep rates on hold today
-
Growth forecast cut was due to technical reason and does not signal
worsening of growth sentiment - Will need to
coordinate with govt to bring home prices under control - Four board members
said room for rate cut should remain open - Domest
Earlier:
- Bank of Korea leaves its base rate unchanged at 3.5%, as expected
- Bank of Korea hints at rate cuts to come
This article was written by Eamonn Sheridan at www.forexlive.com.
