BoK Governor Rhee says today's rate decision was unanimous, adds need to assess how would a rate cut affect financial stability and a cut could adversely affect financial stability
Says:
- Time to prepare pivot rate cuts.
- Will consider household debt growth and policy changes abroad as Fed's rate decision could affect FX market movement.
- Two board members said they can consider a rate cut within the next three months.
- Will work with government to ease household debt growth.
- Market expectations for policy rate cuts are a little excessive.
- Looking at financial stability risks more closely.
- Interest rate differential alone doesn't set FX market movement.
- Any declines in the won due to interest rate differential would similarly be applied to other currencies as well.
11 Jul 2024 - 03:15- Fixed IncomeData- Source: Newswires
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