12 Jan 2015
BoK expected to keep rates on hold – BBH
FXStreet (Barcelona) - The BBH Team expects Bank of Korea to keep rates unchanged on its Thursday’s meeting, but believe that there is a slight chance of a dovish surprise.
Key Quotes
“Bank of Korea meets Thursday and is expected to keep rates steady at 2.0%. A small handful of analysts are looking for a 25 bp cut to 1.75%. We do think there is a small chance of a dovish surprise. CPI rose only 0.8% y/y in December, the lowest rate since September 1999 and well below the 2.5-3.5% target. We think the BOK will cut rates this year, as headwinds on the economy remain strong.”
Key Quotes
“Bank of Korea meets Thursday and is expected to keep rates steady at 2.0%. A small handful of analysts are looking for a 25 bp cut to 1.75%. We do think there is a small chance of a dovish surprise. CPI rose only 0.8% y/y in December, the lowest rate since September 1999 and well below the 2.5-3.5% target. We think the BOK will cut rates this year, as headwinds on the economy remain strong.”