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Bank of Korea Governor wary of "large" forex volatility

Bank of Korea Governor Rhee interviewed on CNBC, highlights: A little bit premature to talk about policy pivotTime to wait and see given still high core inflationNot expects advanced economies to continue fast rate hikes given financial instability concernsWe are careful because of large FX volatilityExpects pressure on won to be softer than before given US rate policy projectionUS. Banking sector stress had little impact in South Korea due to different business structureNot very much worried a... Read More

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Content Topics

Bank

Korea

Governor

Wary

Large

Forex

Volatility

large

Posted: May 3 2023, 00:22

Author Name: forexlive

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