BOK Chief Alludes to Rate Reduction, Citing Increased Uncertainty



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"변화 적절히 대응" … 인하 가능성 시사

The governor of the Bank of Korea hinted at a possible easing of his monetary policy.
In a speech on Wednesday commemorating the 69th anniversary of the central bank, Lee Ju-yeol said internal and external uncertainty was growing, citing the increasing congestion of US-Chinese trade and the slowdown in the semi- sector. drivers, as well as appropriate monetary policy measures may be necessary … alluding to a possible rate reduction.
Inflation remains low, around zero to five percent, well below the bank's two percent target.
The Bank of Korea kept its base rate unchanged at 1.75% last month.

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