Bank of Korea chief says Fed rate cut was predicted; BOK to monitor external risks

By : Arirang News

Published On: 2019-09-19

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The head of South Korea's central bank says the Federal Reserve's rate cut happened as the market had predicted.
Heading to work this morning,... the Bank of Korea Governor Lee Ju-yeol told reporters that the Fed maintained its previous stance,...so the decision overnight would not significantly change the BOK's monetary policy.
When it comes to rate cuts by the Bank of Korea,... Lee said it's important to monitor external risks, such as the U.S.-China trade war and rising tensions in the Middle East.

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