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Bank of Korea's Governor Emphasizes Flexible Monetary Easing Amid Economic Uncertainty

share-iconThursday, January 02 comment-icon2 weeks ago 9 views
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reutersREUTERS
Bank of Korea's Governor Emphasizes Flexible Monetary Easing Amid Economic Uncertainty

Credited from: REUTERS

  • Bank of Korea's Governor Rhee Chang-yong stated that monetary policy adjustments need to be flexible this year.
  • He highlighted the difficult conditions surrounding the South Korean economy, intensified by political and economic uncertainties.
  • The pace of interest rate cuts is expected to vary, considering trade-offs related to growth, inflation, and debt.
  • Rhee noted that there are increased downside risks to the bank's growth forecast of 1.9% for the year.
  • He also mentioned ongoing volatility in the South Korean won following its significant depreciation in 2024.

For more details, visit the original article here.

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Bank of korea Monetary policy Interest rates Economic uncertainty South korea
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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