Bank of Korea

November 12, 2015

A statement released after this month’s monetary policy meeting, which resulted in no changed to the 1.5% 7-day repo rate level, projects continuing domestic demand-led economic recovery and low inflation.  External factors like the reaction to Fed tightening, struggling emerging market demand and oscillating oil prices create high uncertainty in the outlook.  The Bank of Korea left policy unchanged for the fifth straight meeting.  Earlier, cuts of 25 basis points each were implemented this year in March and June as well as in August and October of 2014.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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