Bank of Korea Governor Rhee says oil prices will continue higher than expected ...Middle East

Earlier from the Bank of Korea:Bank of Korea says its too early to be confident inflation will converge on target levelGovernor Rhee now: Friday's rate decision was unanimousOne in seven board member said door for a rate cut should be open for next three-monthsUncertainties to inflation outlook higherAll seven members said hard to predict policy decisions for the second halfRate cuts might be difficult this yr should inflation remain stickyHave not signaled for a rate cutHave more room to focus on domestic conditions in deciding monetary policy this yr than lastOil prices are going higher than expectedWon's recent weakness affected by strong US dollarUS Fed's signal for pivot allowed monetar

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Last updated : 12 April 2024 clock 05:41 AM

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