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Bank of Korea chief says Fed rate cut was predicted; BOK to monitor external risks

2019-09-19 378 Dailymotion

The head of South Korea's central bank says the Federal Reserve's rate cut happened as the market had predicted.<br /> Heading to work this morning,... the Bank of Korea Governor Lee Ju-yeol told reporters that the Fed maintained its previous stance,...so the decision overnight would not significantly change the BOK's monetary policy.<br />When it comes to rate cuts by the Bank of Korea,... Lee said it's important to monitor external risks, such as the U.S.-China trade war and rising tensions in the Middle East. <br />

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