Comments from the Bank of Korea

  • Growth in emerging markets including China has continued to slow
  • Fed's possible monetary policy shift and devaluation of China's yuan are risks to global growth

On the home front:

  • Domestic consumption and sentiment appear to have improved, after contraction mainly due to shock from MERS
  • Inflation to remain low ... mainly due to low oil prices

-

Earlier today the BOK left its key interest rate unchanged at 1.5%