» Korea’s Monetary Policy: Steady Decision Economics

Korea’s Monetary Policy: Steady

Posted May 13, 2011 by CLeahey

[private]The Bank of Korea kept their benchmark rate steady at 3.0%, following May’s policy meeting. The decision ran counter to market expectations, which erroneously mistook the rhetorical intensity of the bank for an actual turn to a more aggressive tightening bias.
5-13-11–EMG INDICATORS AND INSIGHTS _Korea Monetary Policy_[/private]