BOK’s Lee: Reaching policy rate of 1.5% still can't be viewed as 'tightened'

Dhwani Mehta FXStreet

During a post-monetary policy meeting press conference on Friday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that he “Still see a need to further adjust policy rates.”

Additional quotes

Friday's rate decision was not unanimous.

Board member Joo sang-yong dissented to Friday’s rate decision

Current policy rate still accommodative.

Reaching policy rate of 1.5% still can't be viewed as 'tightened'.

Will actively deploy policies to stabilize markets if needed.

Market reaction

USD/KRW was last seen trading at 1,187.70, up 0.08% so far.

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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