BOK Chief Rhee: Economic recovery to be weaker than previously expected

Dhwani Mehta FXStreet

South Korea's new central bank governor Rhee Chang-yong said on Thursday, "Inflationary pressure is growing and at the same time, growth is expected to be weaker than previously seen.”

"The trade-off between growth and inflation is adding constraints to monetary policy, and it is time for a fine balance between the two," Rhee added.

Market reaction

USD/KRW was last seen up 0.31% on the day, near-daily highs of 1,238.01.

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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