Thursday, February 23, 2017

The Bank of Korea, base rate decision today ... View dominant freeze



[Korea Jeongseon financial newspaper reporters] are predominant expectation is forecast to be frozen in the Bank of Korea, base rate this month.

Bank of Korea Monetary Policy Committee held a today (23) morning in February regular meeting to determine the base rate.

Late last year, based on household credit balance exceeded 1,300 trillion won higher and the US Federal Reserve (Fed) forecasts expectation is to maintain the current benchmark interest rate by 1.25% year heralded an additional rate hike three times a year. The Bank of Korea is currently ahead of MPC meeting freeze seventh month after made the benchmark interest rate to 1.25% in June last year to 1.5% a year.

The Federal Reserve is the US central bank (Fed) is within 22 (Reuters) announced January Federal Open Market Committee (FOMC) at a regular meeting minutes on the premise if 'employment and inflation indicators are consistent with the expected' quite near future suggesting that post '(fairly soon) policy rate.

If a small open businesswomen be shuffled In the US interest rate hikes Korea border stance and exchange rate volatility due to sudden capital outflows.

However, we have economic growth also remains the reference point interest rate cut likely in the economic situation is not good enough to represent a 0% for the fifth quarter. Recent international investment bank Morgan Stanley (IB) are also standard bar embellish the voice of a rate cut this year, the Bank of Korea.

Day to gather interested MPC press conference immediately after the Bank of Korea governor Lee Ju-yeol (photo). In the April situation report released ahead of the exchange rate of the US Treasury it seems to be coming to gauge the stance on foreign exchange authorities 'currency manipulator' only such possibility.

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