I probably shouldn't put 'Bank of Korea' and 'ease' into the same headline, just sent the algos haywire

Sorry, not sorry

Anyway ...

Comments from the head of the Bank of Korea, Governor Lee on the Chinese yaun

  • Excessive volatility of yuan expected to ease

More....

Earlier today the BoK announced no change to monetary policy at their meeting. lee is talking after the announcement (headlines via Reuters ):

  • Korean 2016 GDP growth forecast revised to 3.0 pct vs prev 3.2 pct
  • 2016 CPI growth forecast revised to 1.4 pct vs prev 1.7 pct
  • Thursday rate decision was unanimous
  • 2016 forecasts assumed rise in oil prices in H2