South Korea: BoK expected to keep rates on hold – UOB
|Lee Sue Ann, Economist at UOB Group, suggested the Bank of Korea (BoK) is predicted to leave the policy rate unchanged at 0.50% at its upcoming meeting.
Key Quotes
“After 75bps cut to the benchmark rate this year, we believe the BoK is done with cutting rates.”
“The central bank reiterated in August that. They have other non-rate tools at their disposal if needed.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.