BOK’s Lee: Will deploy FX market stabilizing measures if needed

Dhwani Mehta FXStreet

During a press conference on Tuesday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the central bank is prepared to deploy FX market stabilizing measures if needed.

Additional quotes

Tuesday's rate decision was not unanimous

Board member Lim Ji-Won dissented to Tuesday's rate decision.

Board member Suh Young-Kyung dissented to Tuesday's rate decision.

Chances of stagflation currently low in South Korea.

Won's recent fall was faster than currency movements' of major countries.

Will closely monitor FX markets.

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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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