July 09, 2024 at 02:30AM
South Korea’s central bank Governor Rhee Chang-yong spoke in a parliamentary session:
said the Bank will consider
trade-offs among the recent disinflation trend,
growth and financial
stability for future monetary policy
operations
I’m not sure what ‘trade-offs’ he is referring to.
More:
disinflation was expected to continue
after recent
positive signs
noted a pick-up in household
debt growth
noted also heightened volatility in foreign exchange
markets
The Bank of
Korea is expected to keep its policy rate on
hold at a 15-year
high of 3.50% on Thursday and through the
third quarter of
2024, before a 25-basis-point cut in the final
quarter.
This article was written by Eamonn Sheridan at www.forexlive.com.
Bank of Korea Gov Rhee says disinflation expected to continue