South Korean central bank surprises with a rate cut

Discussion in 'Fundamental Analysis' started by ForexLive, Jun 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Rates dropped to record low The Bank of Korea cut its benchmark 7-day repo rate to 1.25% from 1.50% in a surprise move. Just one economist -- from Goldman Sachs -- predicted a cut while 17 forecast policymakers would remain on hold.

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