Bank of Korea (BOK) Governor Lee is out on wires stating that recent fall in the South Korean Won (KRW) does not look excessive when compared to the slide seen in other emerging market currencies. Key quotes (Source: Reuters) 2018 GDP forecast at 2.9 pct vs 3.0 pct seen earlier 2018 inflation forecast 1.6 pct vs 1.6 pct seen earlier Uncertainties to s.Korea economy higher than before Thursday’s decision to keep rates steady was not unanimous Board member lee il-houng was dissenter to Thursday’s rate decision Growth, inflation trajectory not so much different from paths seen in April Impact from trade dispute won’t be small for Sout Korea economy once pledges are enacted Major capital outflow doesn’t seem likely for Sout Korea Its difficult to see sole dissenter seen today as a signal for the future rate hike Recent falls in KRW vs. USD was rapid Falls in KRW in recent weeks are not excessive compared to movements in other emerging market currencies Volatilities in won may increase, will closely watch currency movements 2019 GDP growth seen at 2.8 pct 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 China trade balance preview – TDS FX Street 3 years Bank of Korea (BOK) Governor Lee is out on wires stating that recent fall in the South Korean Won (KRW) does not look excessive when compared to the slide seen in other emerging market currencies. Key quotes (Source: Reuters) 2018 GDP forecast at 2.9 pct vs 3.0 pct seen earlier 2018 inflation forecast 1.6 pct vs 1.6 pct seen earlier Uncertainties to s.Korea economy higher than before Thursday's decision to keep rates steady was not unanimous Board member lee il-houng was dissenter to Thursday's rate decision Growth, inflation trajectory not so much different from paths seen in April Impact… Top 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.
