Bank of Korea Governor Lee Joo Yeol: Policy normalization will begin in 2021

Bank of Korea Governor Lee Joo Yeol sent his clearest signal so far, that interest rate hikes are under consideration, and called for policy normalization this year. He said this should not be defined as a tightening of monetary policy positions. Lee Joo Yeol said at a briefing after the central bank's semi-annual inflation report was released on Thursday that the current record low interest rate of 0.5% is “very loose,” and that it is still the case even after raising interest rates once or twice. He added that the government's fiscal policy can support businesses affected by the normalization of monetary policy. “In which month and at what pace the normalization of monetary policy begins will depend on the spread of the coronavirus variant and financial losses

新浪財經Jun 24, 2021 11:50