ANZ analysts note that the Bank of Korea (BoK) lowered its policy rate by 25bps to 1.25% today, as widely expected, marking the second cut in the current easing cycle and matching its record low. Key Quotes “The decision was not unanimous, with two board members calling for a hold.” “While the central bank has kept the door to further easing open, it also signalled that it wanted to assess the impact of the rate cuts so far.” “In our view, the hurdle for each additional rate cut will be higher, given the BoK’s limited policy space.” “Unless growth fails to stabilise as per our expectations, we think today’s cut marks the end of the BoK’s current easing cycle.” 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 Litecoin price analysis: LTC/USD keeps trending sluggishly in a constricted range FX Street 4 years ANZ analysts note that the Bank of Korea (BoK) lowered its policy rate by 25bps to 1.25% today, as widely expected, marking the second cut in the current easing cycle and matching its record low. Key Quotes "The decision was not unanimous, with two board members calling for a hold." "While the central bank has kept the door to further easing open, it also signalled that it wanted to assess the impact of the rate cuts so far." "In our view, the hurdle for each additional rate cut will be higher, given the BoK's limited policy space." "Unless growth fails… 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.
