FXStreet (Edinburgh) – Analysts at BBH see the Bank of Korea keeping its monetary policy unchanged at this week’s meeting.
Key Quotes
“Bank of Korea meets Thursday and is expected to keep rates steady at 1.5%”.
“CPI inflation was steady at 0.7% y/y in July, but remains well below the 2.5-3.5% target range”.
“While officials have downplayed the need for further easing, we think more rate cuts are likely in H2”.
“The exchange rate could be the deciding factor, with a drop in the key JPY/KRW cross making a rate cut more likely, and vice versa”.
(Market News Provided by FXstreet)