Tuesday, March 7, 2017

BOK governor Lee Ju-yeol, consider US interest rate hikes, "a look at the monetary policy impact."



[South Korea's Choice Financial News News] Bank of Korea governor Lee Ju-yeol 'monetary policy will raise interest rates to match the US closely watching how the line affects the domestic economic and financial situation, "said 7 days.

Lee Ju-yeol governor gotta believe 'faster is the US rate hike timing and speed in completing the report (古書) commissioning agreement of the Bank of Korea and Seoul National Pavilion Studies Institute expression held in the afternoon, Seoul National University met with reporters digit influence the BOK policy there is a line situation can be deployed has a tension 'he said.

In the morning the day before the executive board of governor Lee Ju-yeol 'has become a condition that affects the policy as long as the changes in progress' as being related to the US in March was also raised interest rates yuryeoksi and likely monetary policy changes referred to In the foreign exchange market.

But the governor Lee Ju-yeol says the "monetary policy response to meet the situation 'is wonchikron stressed that" not a one-to-one rate hike in the United States.

Another governor Lee Ju-yeol of Korea with regard to those initiatives Bank Act amendments to prevent a situation where the right parties have won a large number jeongbyeongguk Senator MPC temporary replacement, said "it looks preferable.

As long as the current law MPC won a four-year term gotta regulations and will change once four of the seven people MPC has won 4 May 2020 people. Senator jeongbyeongguk According to the law as long as the amendment initiative represents, it is shortened to one year included the contents of the three years members are appointed by the Minister of Strategy and Finance and the next governor of the Bank of Korea to the term recommended by the MPC won once.

Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com