BOK's Lee: May ramp up bond buying if needed – Reuters

Omkar Godbole FXStreet Contributor

Comments from Bank of Korea's Governor Lee Ju-yeol are crossing the wires via Reuters that the central bank may boost bond purchases if required and intervene in forex markets to curb the potential rise in exchange rate volatility.

Key quotes

Don't have plans to expand the KRW 5 trillion bond-buying program for now, but may do more, if required.

Volatility may grow in the FX market.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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