Hawkish BoK rules out near-term interest rate cuts
The Bank of Korea today left interest rates unchanged as expected, but the central bank’s accompanying statement and the commentary from Governor Rhee were much more hawkish than anticipated. This reduces the chances of the central bank resuming rate cuts later this year. But with economic growth set to slow and inflation under control, it is too early to rule out further rate cuts altogether.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
