BOK’s Lee: Policy interest rate is still accommodative

Dhwani Mehta FXStreet

During a post-monetary policy meeting press conference on Thursday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the “policy interest rate is still accommodative.”

Additional quotes

Thursday's rate decision was not unanimous.

Board member Joo Sang-Yong dissented to Thursday’s rate decision.

Shouldn't consider political context into account in monetary policy decision including the presidential election.

Current policy rate below neutral interest rate.

Read: BOK raises key rates by 25bps to 1%, ups inflation forecasts

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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