Bank of Korea Governor Rhee:
- inflation conditions are appropriate for a rate cut
- today's on hold policy decision was unanimous
- rising 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 sentiment
- Will need to coordinate with govt to bring home prices under control
- Four board members said room for rate cut should remain open
- Domest
Earlier:
- Bank of Korea leaves its base rate unchanged at 3.5%, as expected
- Bank of Korea hints at rate cuts to come
