Sanjay Mathur, chief economist at ANZ, reported that the Bank of Korea's latest policy meeting reduced the possibility of further interest rate cuts in South Korea. Mathur pointed out that although the Bank of Korea decided to keep the policy interest rate unchanged at 2.50% as the market generally expected, the central bank showed “less relaxed” forward-looking guidelines, and the number of members supporting interest rate cuts decreased. He said the central bank's increase in GDP and inflation forecasts also reflected its expectations for stronger exports and a recovery in domestic demand. He said, “In summary, the possibility of further interest rate cuts has been greatly reduced.”

Sanjay Mathur, chief economist at ANZ, reported that the Bank of Korea's latest policy meeting reduced the possibility of further interest rate cuts in South Korea. Mathur pointed out that although the Bank of Korea decided to keep the policy interest rate unchanged at 2.50% as the market generally expected, the central bank showed “less relaxed” forward-looking guidelines, and the number of members supporting interest rate cuts decreased. He said the central bank's increase in GDP and inflation forecasts also reflected its expectations for stronger exports and a recovery in domestic demand. He said, “In summary, the possibility of further interest rate cuts has been greatly reduced.”