Bank of Korea Gov Rhee says inflation conditions are appropriate for a rate cut

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:

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