Bank of Korea to keep rates unchanged - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting that the Bank of Korea will likely keep its 7-day repo rate unchanged at 1.75% tomorrow.

Key Quotes

“Inflation pressures have eased considerably helped by lower energy prices and government administered prices. The growth outlook remains under pressure, especially on the exports front.”

“The BoK appears to be content to let the government do the heavy lifting, with an extra budget planned and the minutes of the last BoK meeting suggesting some hesitation towards further monetary policy adjustments.”

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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