Bank of Korea chief says Fed rate cut was predicted; BOK to monitor external risks
  • 5 years ago
And heading to work this morning,... the Bank of Korea Governor Lee Ju-yeol told reporters that the U.S. Fed's rate cut happened as the market had predicted.
With that, Lee said, the decision overnight wouldn't significantly change the BOK's monetary policy.
As for rate cuts by South Korea's central bank,... the governor said,... it's important to monitor external risks, such as the U.S.-China trade war and rising tensions in the Middle East.