Bank of Korea comments on their policy decision today:
- Will maintain restrictive policy stance for sufficient period of time
- Will examine the
timing of a rate cut - Economy to continue
moderate growth - To monitor trend of
slowing inflation - To assess trade-off
between policy variables, such as growth and financial stability - Growth temporarily
weaken in q2 - Gdp growth in line
with earlier forecast - Drops phrase ‘upside
risks to inflation forecasts have increased’ in policy statement - Inflation could be
slower than forecast - Core inflation seen
consistent with earlier forecast - Inflation will gradually converge on the target level
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com. Source