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After the BoK stood pat at today's MonPol.....>

KOREA
KOREA: After the BoK stood pat at today's MonPol deicison (as was universally
expected) the statement revealed that the BoK has trimmed its 2018 CPI forecast
to 1.6% Y/Y from 1.7%.
- In his press conference BoK Governor Lee noted that the KRW strength could
limit the room the further monetary policy tightening. Lee also noted that the
BoK is monitoring the drop in the FX swap rate, stressing that the Bank can take
action in the space if required.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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