The Bank of Korea earlier today left is rate unchanged at 3.5%, as expected.
-
Premature to be confident that inflation will converge on the target
level - Will maintain
restrictive policy stance for sufficient period of time - To monitor inflation
slowdown - Growth forecast to
be consistent with earlier forecast or could be higher - To monitor financial
stability risks - To monitor economic
growth risks - To monitor household
debt growth - To monitor
differentiation in monetary policy operations in major countries - To monitor
developments in geopolitical risks - Growth to be
affected by it sector growth, project finance restructuring - Inflation to
gradually moderate
On the won:
- KRW recently weakened to dollar due to the strong USD and weak neighbouring currencies
This article was written by Eamonn Sheridan at www.forexlive.com. Source