[South Korea's Choice Financial newspaper reporter] soldiers Tuesday the Bank of Korea governor 16 days' ramping up US interest rates are not the Bank of Korea raised the benchmark interest rate by rote "he said.
Soldiers vice Tuesday morning the day the US Federal Reserve (Fed) meeting with our foreign currency monetary authorities respond with relevant task force chaired the meeting, said after the news of the rate hike as such for.
Vice angry soldiers said that "this rate increase (annual 0.50 ~ 0.75% → 0.75 ~ 1.00%) of the Federal Reserve was predictable enough, said" the domestic financial market is not big or anxious concern that higher volatility.
The Bank of Korea interest rate policy, and in particular the expected path of future Fed also from 2017 to 2019 respectively, the interest rate hike eased concerns of market participants greatly accelerate the speed, and in that same year in December to raise 3-3-3 times and Evaluation is. Falling interest rates in the US financial markets, share prices, the US dollar appears weak developing country bonds that have interest rates and CDS premiums also fell.
A BOK officials attended the meeting day are the 'future domestic financial and foreign exchange markets in addition to additional interest rate hikes the Fed may be increased volatility due to economic policy of China (對 韓) policy, European political situation of the US new administration " opinion that was like.
In this regard, the Bank of Korea is' there is a need to continue to give examples of change and the impact of external conditions when excessive fluctuations in the financial markets we plan takes effect in a timely manner to market stabilization measures in cooperation with the government.
The meeting was attended by angry soldiers, etc. including the governor (principal) buchongjaebo International Affairs, in charge of financial market buchongjaebo. BOK governor Lee Ju-yeol is leaving the state to attend a major 20 countries (G20) Finance Ministers and Central Bank Governors meeting in Baden-Baden, Germany.
On the other hand, in the early morning news imparted to the domestic financial market in stocks, bonds, KRW appreciation appears all at once. 16 In Seoul foreign exchange market, the won / dollar exchange rate is trading at 1131.20 won fell 15.80 won compared to the current trading day 35 minutes before 10 am. The KOSPI is showing aerial rally to 2148.66 won rose 15.66 points the previous day.
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