S. Korea's financial market volatility may increase: BOK chief
- 6 years ago
South Korea's central bank chief says the country might face increased financial market volatility... due to uncertainties at home and abroad.
Speaking at a financial council meeting on Friday, Bank of Korea Governor Lee Ju-yeol said volatility in the financial market may increase in the future... and vowed to closely monitor external situations.
He mentioned the recent activity on the local KOSPI index... which showed a positive turnaround this week... after falling by almost 14-percent in October-- its largest on-month decline since 2008.
The governor stressed the fall was totally different from past financial jitters... because interest rate and currency fluctuations were limited.
Speaking at a financial council meeting on Friday, Bank of Korea Governor Lee Ju-yeol said volatility in the financial market may increase in the future... and vowed to closely monitor external situations.
He mentioned the recent activity on the local KOSPI index... which showed a positive turnaround this week... after falling by almost 14-percent in October-- its largest on-month decline since 2008.
The governor stressed the fall was totally different from past financial jitters... because interest rate and currency fluctuations were limited.