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During a press conference on Thursday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that Thursday’s rate decision was not unanimous.

Lee said that member Koh Seung-beom dissented to Thursday’s rate decision

“Leveraged investing may continue if expectations on loose monetary policy continue,” he added.

The South Korean central bank left its policy rate at a record low of 0.50% in its July meeting.

Market reaction

USD/KRW spiked to 1,147.77 on the BOK rate decision before reversing sharply to now trade at 1,146, up 0.17% on the day.