Moon warns of price hike as BoK holds rates - Breaking The News

Moon warns of price hike as BoK holds rates

12 October

1 min read

EPA-EFE/YONHAP

South Korean President Moon Jae-in (pictured) warned in a statement published on Tuesday that the country needs to put in efforts in order to "stabilize consumer prices."

President's comments came after the Bank of Korea (BoK) decided to leave its base rate unchanged at 0.75%.

Lee Ju-yeol, the governor of South Korea's central bank, cautioned that the country's national currency, won, registered a somewhat unexpected drop, and announced that the BoK will closely monitor the currency market in the future.

moon bok

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