Bank of Korea Governor Rhee:
inflation conditions are appropriate for a rate cut today’s on hold policy decision was unanimousrising 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 sentimentWill need to
coordinate with govt to bring home prices under controlFour board members
said room for rate cut should remain openDomest
Earlier:
Bank of Korea leaves its base rate unchanged at 3.5%, as expectedBank of Korea hints at rate cuts to come
This article was written by Eamonn Sheridan at www.forexlive.com.
