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MNI PREVIEW: BOK Likely To Stand Pat,...>

SOUTH KOREA
SOUTH KOREA: MNI PREVIEW: BOK Likely To Stand Pat, But One More Cut Seen
- The Bank of Korea is expected to stand pat on monetary policy at the November
29 meeting, but one more rate cut is expected in the current cycle and could
come at the January meeting. The central bank cut rates by 25bps to a record-low
1.25% in October and Governor Lee Ju-yeol noted there was "still room for us to
respond to changing financial and economic conditions" as global uncertainties
remain high despite some signs of hope in the world economy.
- For full story see MNI Main Wire at 03:45 GMT 11/25 or contact
sales@marketnews.com for access.
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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