Bank of Korea says U.S. tariff policies, Fed policies among uncertainties for Korea

Bank of Korea after its rate cut earlier:

• Will determine timing and pace of any further base rate cuts.
• Uncertainties to Korea growth outlook high.
• Will closely monitor domestic political situation.
• Exports growth to slow.
• Will closely monitor changes in economic policies at home and abroad.
• Will closely monitor effects of the base rate cuts.
• Domestic economic growth is projected to remain low for some time.
• Necessary to remain cautious about possibility of rebound in household debt.
• U.S. tariff policies, Fed policies, and stimulus measures by the Korean government are some of the uncertainties for the economy.
• Necessary to remain cautious about high FX volatility.
• Inflation is expected to remain stable at around 2%, affected by subdued demand pressure.

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