Standard Chartered Bank: Previous BOK MPC meeting minutes reveal rising growth concerns
Quotes from Standard Chartered Bank BOK past meetings revealed concerns over rising household debt and slowing growth momentum. MPC members said they would gauge the impact of the last two cuts in August and October 2014…
BOK past meetings revealed concerns over rising household debt and slowing growth momentum.
MPC members said they would gauge the impact of the last two cuts in August and October 2014 and assign a greater weight to financial stability and household debt concerns.
In a recent interview, however, BoK Governor Lee made the dovish statement that a rate cut takes two to three quarters to have an effect, and that the impact of the last rate cut has likely been limited.
Nearly three quarters have passed since the first rate cut of this cycle in 2014. While a rate cut looks unlikely at the March meeting, we believe it will occur during Q2.
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