Tag - Korea prepared for U.S. rate hike

Korea prepared for U.S. rate hike

The looming monetary tightening in the U.S. is unlikely to have a major immediate impact on Korea, Bank of Korea Gov. Lee Ju-yeol said Thursday, as the central bank held its key rate steady at a record low level. “The (BOK’s) Monetary Policy Board reached a consensus on a rate freeze, with signs of ailing domestic demand, expectations of a U.S. rate hike and other related global uncertainties,” Lee said in a press briefing at the bank’s headquarters in central [...]