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BOK’s Lee: Reaching policy rate of 1.5% still can't be viewed as 'tightened'

During a post-monetary policy meeting press conference on Friday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that he “Still see a need to further adjust policy rates.”

Additional quotes

Friday's rate decision was not unanimous.

Board member Joo sang-yong dissented to Friday’s rate decision

Current policy rate still accommodative.

Reaching policy rate of 1.5% still can't be viewed as 'tightened'.

Will actively deploy policies to stabilize markets if needed.

Market reaction

USD/KRW was last seen trading at 1,187.70, up 0.08% so far.

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