BOK’s Lee: Will deploy FX market stabilizing measures if needed

During a press conference on Tuesday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the central bank is prepared to deploy FX market stabilizing measures if needed.

Additional quotes

Tuesday’s rate decision was not unanimous 

Board member Lim Ji-Won dissented to Tuesday’s rate decision. 

Board member Suh Young-Kyung dissented to Tuesday’s rate decision.

Chances of stagflation currently low in South Korea. 

Won’s recent fall was faster than currency movements’ of major countries. 

Will closely monitor FX markets. 

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