The Bank of Korea (BOK), the South Korean central bank, Governor Lee Ju-yeol is on the wires now, via Reuters, speaking at the post-monetary policy decision press conference.
Key Quotes:
2019 GDP growth seen at 2.0% vs 2.2% seen previously.
2019 inflation seen at 0.4% vs 0.7% seen previously.
2020 GDP growth seen at 2.3% vs 2.5% seen previously.
2020 inflation seen at 1.0% vs 1.3% seen previously.
Today’s rate decision was not unanimous one member called for a rate cut.
Board member Shin in-Seok was dissenter to Friday’s rate decision.
Local economy seen as passing bottom.
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