BoK meeting minutes show sole dissenter favoured rate cut
Board members agreed economy showed signs of recovery, but majority voted to hold
Five of the six members of the Bank of Korea’s monetary policy board voted to hold rates at its most recent meeting, according to minutes published today (September 16), with one dissenter voting for a 25 basis point cut.
The board on August 28 voted to keep the benchmark rate at 2.5%, thus bringing to an end the round of easing that began last October, when the rate was cut from 3.5% to 3.25%.
According to the minutes, all six board members felt that policy uncertainty stemming from US trade
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