• “Along with the weaker momentum and lower inflation, we also expect a further rate cut in 2015 and keep our bearish view on the (Korean won),” Goldman Sachs said in a March 26 note to clients. 
  • This is followed by weaker-than-expected economic momentum in Q1.
  • Goldman said the change was based on downgrades to its forecast for the country’s 2015 economic growth to 3.3 percent from a previous 3.7 percent, and its view for inflation to come in at 1.3 percent from 1.5 percent.

The material has been provided by InstaForex Company – www.instaforex.com