BOK chief hints at rate cut, citing heightened uncertainty
- 5 years ago
The Bank of Korea Governor has hinted at a possible easing of its monetary policy.
In a speech commemorating the central bank's 69th anniversary on Wednesday, Lee Ju-yeol said domestic and external uncertainty is growing sharply, citing the escalating U.S.-China trade spat and the sluggish semiconductor industry and that appropriate monetary policy measures may be needed...alluding to a possible rate cut.
Inflation remains low at around zero-point-five percent, far below the bank's target of two percent.
The Bank of Korea kept its base rate unchanged at 1.75 percent last month.
In a speech commemorating the central bank's 69th anniversary on Wednesday, Lee Ju-yeol said domestic and external uncertainty is growing sharply, citing the escalating U.S.-China trade spat and the sluggish semiconductor industry and that appropriate monetary policy measures may be needed...alluding to a possible rate cut.
Inflation remains low at around zero-point-five percent, far below the bank's target of two percent.
The Bank of Korea kept its base rate unchanged at 1.75 percent last month.