Bank of Korea Governor Lee says will intervene in FX markets if needed

BoK is South Korea's central bank. Comments from Gov. Lee's press conference following the policy statement earlier: Chances of  Tuesday's rate decision was not unanimous  board member Lim Ji-Won dissented to Tuesday's rate decision  board member Suh Young-Kyung dissented to Tuesday's rate decision chances of stagflation currently low in South Korea  won's recent fall was faster than currency movements of major countries  will closely monitor FX markets  will deploy FX market stabilizing measures if needed Headlines via Reuters, bolding mine. Lee says the majority of the board favour a hike in November if the economic situation is unchanged  USD/KRW:  Invest in yourself. See our forex education hub.

Bank of Korea Governor Lee says will intervene in FX markets if needed

BoK is South Korea's central bank. Comments from Gov. Lee's press conference following the policy statement earlier:

Chances of 

  • Tuesday's rate decision was not unanimous 
  • board member Lim Ji-Won dissented to Tuesday's rate decision 
  • board member Suh Young-Kyung dissented to Tuesday's rate decision
  • chances of stagflation currently low in South Korea 
  • won's recent fall was faster than currency movements of major countries 
  • will closely monitor FX markets 
  • will deploy FX market stabilizing measures if needed

Headlines via Reuters, bolding mine.

Lee says the majority of the board favour a hike in November if the economic situation is unchanged 

USD/KRW:
South Korea won chart 12 October 2021
 
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