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- BOK’s Lee: Will deploy FX market stabilizing measures if needed
BOK’s Lee: Will deploy FX market stabilizing measures if needed
During a press conference on Tuesday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the central bank is prepared to deploy FX market stabilizing measures if needed.
Additional quotes
Tuesday's rate decision was not unanimous
Board member Lim Ji-Won dissented to Tuesday's rate decision.
Board member Suh Young-Kyung dissented to Tuesday's rate decision.
Chances of stagflation currently low in South Korea.
Won's recent fall was faster than currency movements' of major countries.
Will closely monitor FX markets.
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- Bank of Korea keeps base rate unchanged at 0.75%
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