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The BOK's rate meeting proved to be as........>

KOREA
KOREA: The BOK's rate meeting proved to be as uneventful as most expected with
policymakers voting unanimous to keep the base rate at its current 1.75% level.
Governor Lee noted a slower slower growth outlook but also that it is not an
appropriate time to consider easing policy, striking a neutral tone. 
- USDKRW held above support at the 1125.0 level in early trading before
temporarily taking out 1130.0. The pair trades just off its highs while won
crosses are a touch weaker on the day. 
- Rate markets have edged up amid some bearish flattening with the 6 month swap
adding 0.9bps as the risk of rate cuts diminishes. 
- With the Kospi adding another 1.5% today and breaking out into three month
highs, the risk outlook appears to be improving suggesting rate markets face
upside pressure.  

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