Lee Sue Ann, Economist at UOB Group, believes the Korean central bank (BoK) would keep the policy rate unchanged at its meeting on August 20. Key Quotes “The BoK kept its benchmark Base Rate unchanged at 0.50% in July. We are maintaining our call for the BoK to keep the current record low rate unchanged for the rest of 2020.” “There will be increasing emphasis on non-interest rate tools as well as greater utilization of fiscal policy. The BoK has signaled that it may downgrade its 2020 growth forecast of -0.2% at the upcoming meeting.” 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 Natural Gas Futures: Extra gains on the cards FX Street 2 years Lee Sue Ann, Economist at UOB Group, believes the Korean central bank (BoK) would keep the policy rate unchanged at its meeting on August 20. Key Quotes “The BoK kept its benchmark Base Rate unchanged at 0.50% in July. We are maintaining our call for the BoK to keep the current record low rate unchanged for the rest of 2020.” “There will be increasing emphasis on non-interest rate tools as well as greater utilization of fiscal policy. The BoK has signaled that it may downgrade its 2020 growth forecast of -0.2% at the upcoming meeting.” 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.