SEOUL (Reuters) – The head of South Korea’s central bank on Wednesday cited a sharp rise in external uncertainties and very low domestic inflation as the main tasks his institution needs to deal with.
“We should respond appropriately as the uncertainty has risen sharply in such external factors as the China-U.S. trade conflicts and the semi-conductor industry,” Bank of Korea Governor Lee Ju-yeol said in a prepared speech.
Speech - Bank - Inflation - Bank - Target
He also said in the speech commemorating the bank’s 69th anniversary that domestic inflation stood far below the bank’s target, although he did not make any indication on future interest rate...
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