The Bank of Korea's governor says... the U.S. Federal Reserve's rate hike will likely have a limited impact on Korea's capital markets. <br /> BOK Governor Lee Ju-yeol told reporters Thursday morning that the *pace of rate hikes in the U.S. is in line with expectations and that a rate gap of 50 to 75 basis points is unlikely to trigger capital flight.<br />On the BOK's rate decision for October, Governor Lee said,.... the bank will take into consideration domestic macroeconomic conditions, capital market stability and the impact of the U.S.-China trade war. <br />His remarks were echoed by finance minister Kim Dong-yeon, who also said the U.S. rate hike will have a limited impact on Korea's markets, citing the country's strong fundamentals,... but he added that the government will continue monitoring the economic environment. <br />
