Nurturing new industries and future economic growth is key: BOK Chief
- 5 years ago
Korea's central bank has highlighted the need for new growth engines and nurturing key industries for future economic growth.
At a press conference on Tuesday evening,.... Bank of Korea governor Lee Ju-yeol emphasized that cooperation between the government and the private sector is important.... to support growth with the country seeing a slowing semiconductor boom and aging population.
He also pointed to the U.S. rate hike and the U.S.-China trade dispute as downside risks,... but kept the bank's growth forecast of two-point-seven percent for next year.
Having raised the key rate by 25 basis points for the first time in a year to one-point-7-5 percent last month,.... the BOK chief said.... the bank will make its rate decisions based on financial stability and supporting economic growth.
At a press conference on Tuesday evening,.... Bank of Korea governor Lee Ju-yeol emphasized that cooperation between the government and the private sector is important.... to support growth with the country seeing a slowing semiconductor boom and aging population.
He also pointed to the U.S. rate hike and the U.S.-China trade dispute as downside risks,... but kept the bank's growth forecast of two-point-seven percent for next year.
Having raised the key rate by 25 basis points for the first time in a year to one-point-7-5 percent last month,.... the BOK chief said.... the bank will make its rate decisions based on financial stability and supporting economic growth.