SEOUL: The head of South Korea's central bank said on Tuesday (Aug 30) his bank's monetary policy stance would not change after Federal Reserve Chair Jerome Powell said last week the US economy will need tight monetary policy 'for some time'. Bank of Korea Governor Rhee Chang-yong said his bank would close
SEOUL: The head of South Korea's central bank said on Tuesday his bank's monetary policy stance would not change after Federal Reserve Chair Jerome Powell said last week the US economy will need tight monetary policy"for some time".
" was not much different from what the Bank of Korea thought when it held a meeting to set interest rates on Aug 25, and therefore, there will be no change in our policy management," Rhee was cited as saying.
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