BOK Chief Hints at Interest Rate Cut

  • Arirang News

    June 13, 2019 08:52

    Lee Ju-yeol /Yonhap

    Bank of Korea chief Lee Ju-yeol has hinted at an interest rate cut, a drastic shift from his earlier position.

    In a speech marking the central bank's 69th anniversary on Wednesday, Lee said there might be a need to take "appropriate measures," which is being widely interpreted as lowering rates.

    Lee in the last few months ruled out a rate cut, saying that the economy will "gather pace" in the second half of this year.

    Meanwhile, Finance Minister Hong Nam-ki cited the U.S.-China trade war as a downside risk and vowed to help Korean exporters.

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