BOK Governor: Interest Rate Reduction Possible Within 3 Months
CryptoNewsTerminal Staff22 Aug, 2024
BOK Governor: Interest Rate Reduction Possible Within 3 Months
According to Financial News, Bank of Korea Governor Lee Chang-yong stated that "4 out of the 6 Monetary Policy Committee members, excluding myself, viewed that the inflation rate is expected to converge to the target level, and government policies related to real estate prices will be implemented, so we should keep the possibility of interest rate reduction open and make a decision while observing the macroeconomic and financial stability." Two members suggested that it should be considered within the next three months (by December).
