News

Bank of Korea: First cut in three years – ANZ

ANZ analysts note that the Bank of Korea (BoK) cut its policy rate by 25bp to 1.50% today, surprising the consensus.

Key Quotes

“In our view, the BoK’s decision to cut sooner rather than later signals that growth concerns are at the forefront and leaves the door open for further easing in the coming months.”

“With downside growth risks on the rise, not least due to souring bilateral ties with Japan, we think another 25bp rate cut is in the pipeline in the coming months.”

Articles You May Like

Sterling Price Weekly Forecast: Brexit Newsflow and Political Manoeuvres
Professional Trading – SECRET TRICKS That Work (they will be mad that I told you this)
China says impact from US tariffs are overall manageable
The forex trading strategy basics
GBP/JPY technical analysis: Another run-up to multi-day old resistance-line

Leave a Reply

Your email address will not be published. Required fields are marked *