BOK chief says economy will improve in Q2
- 5 years ago
이주열 "국내경기 2분기부터 개선…금리인하 고려 안해"
Lower prices caused by a weaker won will have little effect on exports.
That's coming from the nation's central banker, during a meeting with reporters in Fiji for an annual meeting of the Asian Development Bank.
Lee Ju-yeol pointed out, Korean exports are now mostly high end goods that are competitive in their quality,... not their prices.
The Bank of Korea governor also highlighted that lowering the country's dependence on a few industries like semiconductors is important in the long run... to boost potential economic growth.
Although the first quarter GDP contracted Point-3 percent,... the BOK chief said there is no plan to cut interest rates yet.
He expects figures will pick up in Q2.
Lower prices caused by a weaker won will have little effect on exports.
That's coming from the nation's central banker, during a meeting with reporters in Fiji for an annual meeting of the Asian Development Bank.
Lee Ju-yeol pointed out, Korean exports are now mostly high end goods that are competitive in their quality,... not their prices.
The Bank of Korea governor also highlighted that lowering the country's dependence on a few industries like semiconductors is important in the long run... to boost potential economic growth.
Although the first quarter GDP contracted Point-3 percent,... the BOK chief said there is no plan to cut interest rates yet.
He expects figures will pick up in Q2.