34 of 38 economists expect the Bank of Korea to hold its base rate at 3.25%
at the November 28 meeting.
- 4 expect a 25 bps cut
The info comes via a Reuters survey.
The strength of the USD against the won is cited as a reason for the Bank to hold:
- “expected to force the Bank of Korea to pause its
easing cycle, which only started last month” - “despite inflation remaining below the 2% target since August
and risks to an economy that narrowly avoided a recession last
quarter, economists said the central bank would prefer to wait a
few more months before restarting its easing cycle”
This article was written by Eamonn Sheridan at www.forexlive.com. Source