Thursday, March 23, 2017

Lee Ju-yeol "currency manipulator, the possibility is not low, in order to preclude"



[South Korea's Choice Financial News News] Bank of Korea governor Lee Ju-yeol (photo), even if the possibility can not be ruled out as specifies currency manipulator from (South Korea) as well as the United States is not high, he said 23 days.

After you finish the day, the Monetary Policy Committee Financial Stability luncheon meeting at a press conference with the governor Lee Ju-yeol, when the possibility is low, only operation Bureau was designated as the volatility of the market will expand the market stabilization measures' he said.

The governor Lee Ju-yeol stated that "this major 20 countries (G20) Finance Ministers and Central Governors meeting looked at the part of the Bank contains heed the US side stressed in particular the transparency of the exchange rate policy stance this stood out."

Last weekend opened G20 finance ministers, "and reject protectionism 'to the joint statement of the Central Bank Governors meeting phrase for removal from the joint declaration in three years opposed the US side of the Trump executive protectionist concerns re-emerged in a bar is.

The governor Lee Ju-yeol said, "(currency manipulator) to specify if the bilateral discussions take place, saying" It worked out to be revoked as soon as the next measures through consultations. "

Countermeasures to the governor Lee Ju-yeol said, leaving the case to be based on economic conditions, the volatility of the market greatly expanded displacement phenomenon will be at least a measure of stability for the market. "

Following Lee Ju-yeol governor negative impact on employment and tourism in China Saad (THAAD, high-altitude missile defense system) placed related to the economic retaliation 'Chinese tourists decreased around 20% in March, and travel and hospitality related industries sales are being hit the line is concerned that "said" said next month when checking the economic outlook once again will determine to reflect the impact of these trade restrictions.

Seafood-related intellectual accumulation of household debt there is also the base rate cuts in the Bank of Korea, Lee Ju-yeol governor, from 2014 to 2015 the situation had no choice but to respond to the interest rates in monetary policy management aspects because wonak economic recovery momentum is weakening, he said "Just macroeconomic If backed by prudential policies regret that some well-framed yeoseo dwaetdeo remains' he said.

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