Earlier from the Bank of Korea:
Bank of Korea says its too early to be confident inflation will converge on target level
Governor Rhee now:
Friday’s rate decision was unanimousOne in seven board
member said door for a rate cut should be open for next three-monthsUncertainties to
inflation outlook higherAll seven members
said hard to predict policy decisions for the second halfRate cuts might be
difficult this yr should inflation remain stickyHave not signaled
for a rate cutHave more room to
focus on domestic conditions in deciding monetary policy this yr than
lastOil prices are going
higher than expectedWon’s recent weakness affected by strong US dollarUS
Fed’s signal for pivot allowed monetary policies here in korea to be
decoupled from it
This article was written by Eamonn Sheridan at www.forexlive.com.Earlier from the Bank of Korea:Bank of Korea says its too early to be confident inflation will converge on target levelGovernor Rhee now:
Friday’s rate decision was unanimousOne in seven board
member said door for a rate cut should be open for next three-monthsUncertainties to
inflation outlook higherAll seven members
said hard to predict policy decisions for the second halfRate cuts might be
difficult this yr should inflation remain stickyHave not signaled
for a rate cutHave more room to
focus on domestic conditions in deciding monetary policy this yr than
lastOil prices are going
higher than expectedWon’s recent weakness affected by strong US dollarUS
Fed’s signal for pivot allowed monetary policies here in korea to be
decoupled from it
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreCentral Banks
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