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Quotes from RBC Capital Markets:
-KRW: BoK left the 7-day repo rate at 2.5% as expected, but one of the seven board members voted to lower the rate. As expected, 2014 GDP growth (from 4% to 3.8%) and inflation forecasts (from 2.1% to 1.9%) were downgraded, largely due to the ferry disaster. The GDO forecasts are still around potential output and we think the cuts were less than some had feared.
