BOK Chief: Lowering Growth Forecasts Doesn't Mean Freezing Key Rate

Write : 2018-10-07 14:07:13 Update : 2018-10-07 14:12:01

BOK Chief: Lowering Growth Forecasts Doesn't Mean Freezing Key Rate

South Korea's central bank chief has hinted that the nation's economic growth outlook is likely to be revised lower, but it does not necessarily mean the bank will freeze its key interest rate.
Bank of Korea Governor Lee Ju-yeol said in a media meeting on Thursday in Incheon that the nation's gross domestic product for the second quarter was slightly lower than the BOK's previous forecast issued in July, adding that the central bank is highly likely to lower its growth forecasts this month.
However, Lee hinted that even if the central bank lowers its growth outlook, it does not necessarily mean it would freeze its key rate, saying that the rate is decided in consideration of general economic trends rather than the growth outlook.
He also said that an imbalance in the financial sector is steadily increasing with rising household debt, stressing the need to gradually reduce that imbalance.

[Photo : YONHAP News]

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
2018 Inter-Korean Summit
North Korea Inside
청취자 만족도 조사 결과 -E
Let's Learn Korean (Mobile)
More Service
KBS World Radio Mobile
  • KBS World Radio Mobile
  • The new app consolidates KBS World Radio’s news and feature contents with services previously provided through separate apps...


1 / 4