Bank of Korea: On hold, for now – ANZ

Sandeep Kanihama FXStreet Contributor

ANZ analysts note that the Bank of Korea (BoK) held its policy rate at 1.50% today, as widely expected.

Key Quotes

“Notably, the decision was not unanimous, with two board members calling for a rate cut.”

“The BoK’s policy messaging also continued to signal that the door to further easing remains open.”

“With growth risks elevated and price pressures subdued, a further 25bp rate cut looks to be on the cards in Q4, possibly as soon as the central bank’s next meeting on 16 October.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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