August 22, 2024 at 03:22AM
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:
Bank of Korea leaves its base rate unchanged at 3.5%, as expected
Bank of Korea hints at rate cuts to come
This article was written by Eamonn Sheridan at www.forexlive.com.
Bank of Korea Gov Rhee says inflation conditions are appropriate for a rate cut