The Bank of Korea (BOK) on Wednesday cut the benchmark interest rate by 25 basis points to 1.25%, as expected. The decision to cut rates, however, was not unanimous, Governor Lee Ju-yeol said, according to Bloomberg. Two members were in favor of keeping the interest rate unchanged at 1.5%. Key points from policy statement Economic growth to be under July projections. CPI to move below July projections for a while. The bank will judge whether to adjust the degree of policy accommodation and observe the effects of two rate cuts. 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 Ripple price analysis: XRP/USD gradually losing ground FX Street 4 years The Bank of Korea (BOK) on Wednesday cut the benchmark interest rate by 25 basis points to 1.25%, as expected. The decision to cut rates, however, was not unanimous, Governor Lee Ju-yeol said, according to Bloomberg. Two members were in favor of keeping the interest rate unchanged at 1.5%. Key points from policy statement Economic growth to be under July projections. CPI to move below July projections for a while. The bank will judge whether to adjust the degree of policy accommodation and observe the effects of two rate cuts. 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.
