BOK vows to maintain its accommodative monetary policy amid slowing global growth
- 5 years ago
한은, "세계경기 둔화 우려...통화완화정책기조 유지할 것"
The Bank of Korea says it's going to stick with an accommodative monetary policy stance for the time being.
In its monetary policy report for May, the central bank said global trade is slowing down, pointing to the U.S.-China trade war, which hurts local exports and domestic economic growth.
South Korea's consumer price inflation for the first quarter was zero-point-five percent, well below the BOK's two-percent target.
The Bank of Korea has kept its key rate unchanged at 1-point-75 percent in its two monetary policy meetings this year and said it will closely monitor the capital market and geopolitical risks when making any changes to its monetary policy.
The Bank of Korea says it's going to stick with an accommodative monetary policy stance for the time being.
In its monetary policy report for May, the central bank said global trade is slowing down, pointing to the U.S.-China trade war, which hurts local exports and domestic economic growth.
South Korea's consumer price inflation for the first quarter was zero-point-five percent, well below the BOK's two-percent target.
The Bank of Korea has kept its key rate unchanged at 1-point-75 percent in its two monetary policy meetings this year and said it will closely monitor the capital market and geopolitical risks when making any changes to its monetary policy.