11 May 2015
Outlook divided on Bank of Korea meeting – BBH
FXStreet (Edinburgh) - Analysts at BBH signalled that opinions remain divided on the probable outcome from the BoK meeting on Friday.
Key Quotes
“Bank of Korea meets Friday and is expected to keep rates steady at 1.75%”.
“However, a small handful look for a 25 bp cut to 1.5%”.
“April CPI came in at 0.4% y/y, and remains well below the 2.5-3.5% target range”.
“The strong won is acting like a monetary tightening, so the BOK should cut rates to offset this impact”.
“Last move was a 25 bp cut in March, but that was the first move since October 2014 and so the BOK has been cautious”.
“A May cut seems too soon, while a June cut seems more likely”.
Key Quotes
“Bank of Korea meets Friday and is expected to keep rates steady at 1.75%”.
“However, a small handful look for a 25 bp cut to 1.5%”.
“April CPI came in at 0.4% y/y, and remains well below the 2.5-3.5% target range”.
“The strong won is acting like a monetary tightening, so the BOK should cut rates to offset this impact”.
“Last move was a 25 bp cut in March, but that was the first move since October 2014 and so the BOK has been cautious”.
“A May cut seems too soon, while a June cut seems more likely”.