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 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.