BoK Governor Rhee says downside risks to economic growth have intensified, adds exchange rate volatility has increased due to unexpected political risks
Newsquawk Staff ·
BoK Governor Rhee says downside risks to economic growth have intensified, adds exchange rate volatility has increased due to unexpected political risks.
What it means
The BoK Governor's comments highlight growing concerns about economic growth, suggesting that downside risks have intensified, which may prompt speculation around future monetary policy adjustments. Increased exchange rate volatility tied to unexpected political risks further implies a cautious stance from the central bank, potentially influencing market behavior and positioning in related currencies.
- RBI is said to be likely selling dollars through state-run banks to limit a rupee weakness
- Taiwan Central Bank Governor affirms Taiwan has the capacity to establish a sovereign wealth fund and says says relative weakness of the Taiwanese dollar this year is due to foreign investors taking profits on Taiwan stocks
- Chile Central Bank maintains benchmark interest rate at 4.50% as expected, with the decision unanimous, while it stated that the future path of interest rates will be assessed on a meeting-by-meeting basis
- CBR Governor Nabiullina says we need longer period of tight monetary policy
- NBH Governor Varga says that 2026 inflation is to be below 3%
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