BOK chief says monetary decisions based on U.S.-China trade spat, chip market
- 5 years ago
이주열 "미중무역 분쟁•반도체경기 점검하며 통화정책 결정"
The nation's central banker vows to closely monitor developments in the U.S.-China trade spat and the recovery in the chip market... when making monetary policy decisions.
At a lunch meeting with reporters earlier today,... Governor Lee Ju-yeol pointed out these are the factors that can adversely affect the local economy,... adding the Bank of Korea is also closely monitoring the U.S. Federal Reserve.
Lee said this year's inflation would likely fall short of its forecast of 1-point-one percent,... given that inflation for the first half was around Point-six percent,... far below the bank's two percent target.
The BOK has kept the key rate unchanged since November,... when it raised it by a quarter percentage point to 1-point-7-5 percent.
The nation's central banker vows to closely monitor developments in the U.S.-China trade spat and the recovery in the chip market... when making monetary policy decisions.
At a lunch meeting with reporters earlier today,... Governor Lee Ju-yeol pointed out these are the factors that can adversely affect the local economy,... adding the Bank of Korea is also closely monitoring the U.S. Federal Reserve.
Lee said this year's inflation would likely fall short of its forecast of 1-point-one percent,... given that inflation for the first half was around Point-six percent,... far below the bank's two percent target.
The BOK has kept the key rate unchanged since November,... when it raised it by a quarter percentage point to 1-point-7-5 percent.