Bank of Korea: Rate pause to continue – ANZ

Sandeep Kanihama FXStreet Contributor

Analysts at ANZ note that the Bank of Korea (BoK) unsurprisingly kept its policy rate unchanged at 1.25% today.

Key Quotes

“The decision was not unanimous though, with two dissenters calling for a rate cut.”

“Nonetheless, the policy messaging suggests growth concerns have eased slightly, while financial stability risks have risen somewhat.”

“Overall, we continue to expect the central bank to keep its policy rate on hold through 2020.”

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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