BOK’s Lee: Today’s rate decision was not unanimous one member called for a rate cut

The Bank of Korea (BOK), the South Korean central bank, Governor Lee Ju-yeol is on the wires now, via Reuters, speaking at the post-monetary policy decision press conference.

Key Quotes:

2019 GDP growth seen at 2.0% vs 2.2% seen previously.

2019 inflation seen at 0.4% vs 0.7% seen previously.

2020 GDP growth seen at 2.3% vs 2.5% seen previously.

2020 inflation seen at 1.0% vs 1.3% seen previously.

Today’s rate decision was not unanimous one member called for a rate cut.

Board member Shin in-Seok was dissenter to Friday’s rate decision.

Local economy seen as passing bottom.