The Sentinel Assam on Nostr: Exchange Rates Re-Emerge as Major Factor in Rate Decision: Bank of Korea Governor ...
Exchange Rates Re-Emerge as Major Factor in Rate Decision: Bank of Korea Governor
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Bank of Korea Governor Rhee Chang-yong stated that exchange rates are now a significant factor in policy rate decisions; remarks made during a press conference on October 27, 2024, in Washington, DC; BOK cut benchmark interest rate by 25 basis points to 3.25% on October 11, 2024, the first reduction since August 2021; the dollar's growth against the won has exceeded expectations; BOK will consider export growth, macroeconomic policies, and potential dollar rally in future rate decisions; South Korea's economy expected to grow over 2% for the year despite potential poor growth in Q4.
#BankOfKorea #InterestRates #ExchangeRates #RheeChangyong #MonetaryPolicy #UsEconomy #Dollar #EconomicGrowth #G20 #Imf
https://www.sentinelassam.com/more-news/international/exchange-rates-re-emerge-as-major-factor-in-rate-decision-bank-of-korea-governor
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Bank of Korea Governor Rhee Chang-yong stated that exchange rates are now a significant factor in policy rate decisions; remarks made during a press conference on October 27, 2024, in Washington, DC; BOK cut benchmark interest rate by 25 basis points to 3.25% on October 11, 2024, the first reduction since August 2021; the dollar's growth against the won has exceeded expectations; BOK will consider export growth, macroeconomic policies, and potential dollar rally in future rate decisions; South Korea's economy expected to grow over 2% for the year despite potential poor growth in Q4.
#BankOfKorea #InterestRates #ExchangeRates #RheeChangyong #MonetaryPolicy #UsEconomy #Dollar #EconomicGrowth #G20 #Imf
https://www.sentinelassam.com/more-news/international/exchange-rates-re-emerge-as-major-factor-in-rate-decision-bank-of-korea-governor