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Bank of Korea's Lee: Central bank to consider rate hike at November meeting

Dhwani Mehta FXStreet

South Korean central bank, Bank of Korea (BOK), President Lee is on the wires now, via Reuters, commented on the rate hike and economic growth outlook while speaking in Seoul.

Key Headlines:

Message on need for accommodation adjustment sent to market.

To consider rate hike at November meeting unless real economy shows big troubles.

S. Korea's potential growth rate is about 2.8%-2.9%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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Bank of Korea's Lee: Central bank to consider rate hike at November meeting

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