The Bank of Korea(BOK) appears to be taking a wait-and-see approach after a surprise 25 basis point cut last month.
 
The government's decision to allocate a supplementary budget of 10-trillion won in the second half has also given the BOK room to wait.
 
An expected delay in the U.S. Federal Reserve's interest rate hike gave room for the BOK to lower rates, but the British exit from the EU has heightened instability in international financial markets.