BOK chief hints at rate cut, citing heightened uncertainty
- 5 years ago
이주열 "상황변화 적절히 대응"…금리인하 가능성 시사
The governor of the Bank of Korea is shifting his tone,... hinting at an interest rate cut.
In a speech Wednesday, commemorating the central bank's 69th anniversary, BOK chief Lee Ju-yeol said there might be a need to take what he called "appropriate measures," which is being widely interpreted as an openness to lowering rates.
At an economy-related ministers' meeting on the same day, finance minister Hong Nam-ki also cited the U.S.-China trade war is a downside risk.
He said he would try and help grow Korea's exports of five major consumer goods including cosmetics and pharmaceuticals by giving them financial and marketing support... to help outbound shipments reach 35 billion U.S. dollars by 2022.
The governor of the Bank of Korea is shifting his tone,... hinting at an interest rate cut.
In a speech Wednesday, commemorating the central bank's 69th anniversary, BOK chief Lee Ju-yeol said there might be a need to take what he called "appropriate measures," which is being widely interpreted as an openness to lowering rates.
At an economy-related ministers' meeting on the same day, finance minister Hong Nam-ki also cited the U.S.-China trade war is a downside risk.
He said he would try and help grow Korea's exports of five major consumer goods including cosmetics and pharmaceuticals by giving them financial and marketing support... to help outbound shipments reach 35 billion U.S. dollars by 2022.