Further comments by the Bank of Korea following their decision earlier to hold rates steady at 1.50%
- Inflation seen at 2.0% in 2019
- Firm growth expected in 2018 on robust exports, expanded consumption
- Growth in both exports and consumption also expected to continue into 2019
Their earlier comments can be found here.
Just some general comments here, no big deal. Their comments earlier on the KRW showing "herd-like" behaviour was enough to spook the market as USD/KRW is higher on the day by 0.18% - also a little due to dollar strength in Asia.
