BOK’s Lee: Leveraged investing may continue if expectations on loose monetary policy continue

Dhwani Mehta FXStreet

During a press conference on Thursday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that Thursday's rate decision was not unanimous.

Lee said that member Koh Seung-beom dissented to Thursday’s rate decision

“Leveraged investing may continue if expectations on loose monetary policy continue,” he added.

The South Korean central bank left its policy rate at a record low of 0.50% in its July meeting.

Market reaction

USD/KRW spiked to 1,147.77 on the BOK rate decision before reversing sharply to now trade at 1,146, up 0.17% on the day.

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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