BOK’s Lee: Working on financial help packages for the coronavirus-affected

Dhwani Mehta FXStreet

Everyone's effort is needed to minimize the impact on the economy from the spread of the coronavirus, Bank of Korea (BOK), Governor Lee Ju-yeol said in a statement on Friday.

Additional Quotes:

Working on financial help packages for the affected.

To keep liquidity ample.

Impact on manufacturers from coronavirus spread began materializing.

Have not discussed easing of monetary policies with Finance Minister today.

Aware of market expectations of policy interest rate easing.

Too early to assess full impact of virus outbreak on economy.

Need to check economic indicators before assessing impact of virus on economy.

Earlier today, the country’s Finance Minister came out with a report, citing that the economic recovery is gathering steam but the coronavirus outbreak still poses a risk.

S. Korean FinMin: Economy recovering but coronavirus a risk

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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