Bank of Korea Gov Rhee says inflation conditions are appropriate for a rate cut

Bank of Korea Governor Rhee:

• inflation conditions are appropriate for a rate cut
• today’s on hold policy decision was unanimous
• rising financial stability risks warranted the decision to keep rates on hold today

• Growth forecast cut was due to technical reason and does not signal
  worsening of growth sentiment
• Will need to
  coordinate with govt to bring home prices under control
• Four board members
  said room for rate cut should remain open
• Domest

Earlier:

• Bank of Korea leaves its base rate unchanged at 3.5%, as expected
• Bank of Korea hints at rate cuts to come

This article was written by Eamonn Sheridan at www.forexlive.com.