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Scotiabank believe that the "BOK will stay....>

KOREA: Scotiabank believe that the "BOK will stay on hold this month before
raising its policy rate in August to protect the nation's financial stability.
The KRW is expected to remain susceptible to external uncertainty including the
US-China trade spat and geopolitical situation on the Korean Peninsula."
- Scotiabank have indicated an interest to buy the EUR/KRW cross with a target
of KRW1360 following the BBG report which suggested that some ECB members are
said to see an end-2019 rate hike as too late (spot last KRW1300).
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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