TD Securities analysis team notes that Bank of Korea cut its base rate by 25bp to 1.25% in line with consensus. Key Quotes “Two members voted to remain on hold and BoK maintained an accommodative policy stance. Unsurprisingly given the raft of weaker data over recent weeks, BoK notes that growth will come in below its July projection, while CPI is forecast to move below their July projection for a while.” “BoK noted that they are monitoring the impact of the recent two rate cuts suggesting that they will be data dependent in the months ahead while the door for further easing remains open.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD off lows, still in the red below mid-0.6700s FX Street 4 years TD Securities analysis team notes that Bank of Korea cut its base rate by 25bp to 1.25% in line with consensus. Key Quotes "Two members voted to remain on hold and BoK maintained an accommodative policy stance. Unsurprisingly given the raft of weaker data over recent weeks, BoK notes that growth will come in below its July projection, while CPI is forecast to move below their July projection for a while." "BoK noted that they are monitoring the impact of the recent two rate cuts suggesting that they will be data dependent in the months ahead while the door for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
