BOK’s Lee: Will maintain accommodative monetary policy stance

“The central bank will maintain accommodative monetary policy stance,” the Bank of Korea (BOK) Governor Lee Ju-yeol said at the post-monetary policy press conference on Thursday.

Additional comments

Growth to be above Feb projection.

Inflation to be above Feb projection.

Inflation to be around 2% for some time before falling.

Uncertainties on pace of economic recovery is high.

Economic recovery has expanded somewhat.

To monitor severity of COVID-19 spread.

Recovery to continue on exports, investment.

Earlier today, the South Korean central left the key interest rates steady at 0.50% at its April monetary policy meeting, noting that the rates are likely to be maintained at 0.50% throughout this year.

Market reaction

more to come ,,,