Bank of Korea Gov Rhee says inflation conditions are appropriate for a rate cut ...Middle East

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Bank of Korea Gov Rhee says inflation conditions are appropriate for a rate cut
Bank of Korea Governor Rhee:inflation conditions are appropriate for a rate cut today's on hold policy decision was unanimousrising financial stability risks warranted the decision to keep rates on hold today Growth forecast cut was due to technical reason and does not signal worsening of growth sentimentWill need to coordinate with govt to bring home prices under controlFour board members said room for rate cut should remain openDomestEarlier:Bank of Korea leaves its base rate unchanged at 3.5%, as expectedBank of Korea hints at rate cuts to come This article was written by Eamonn Sheridan at www.forexlive.com.

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