#USDKRW @ 1,300.14 remains heavy below 1,300 on BOK Rhee’s presser
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Bank of Korea (BOK) Governor Rhee Chang-yong said at the press conference following the monetary policy meeting said that “Thursday’s decision should not be taken as indicating the tightening cycle is over.”
Earlier on, the South Korean central bank left its policy rate unchanged at 3.50%, as expected. The BOK lowered its inflation forecast from 3.6% to 3.5% for this year.
USD/KRW is consolidating the latest downswing, triggered by the BOK policy announcement. The pair is trading 0.55% lower at 1,295.78, having tumbled sharply from near the 1,302.50 region.
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