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

August 22, 2024
-FCHFX

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.

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