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