Bank of Korea financial coverage assembly – leaves base charge unchanged @3.5%

The Bank of Korea kept interest rates unchanged at its meeting today.

Awaiting comments from Governor Ree Chang Yong.

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Markets are expecting the first cut from the Bank between August and October. Inflation has been falling but some price rises (city gas and some public services) are set to rise in Q3. Inflation expectations remain around 3%.

This article was written by Eamonn Sheridan at www.forexlive.com.