BoK Governor Rhee says rate decision was unanimous, need to remain cautious on FX volatility
Importance
Level 1
- 5 members see a 'high chance' of a hold in the next 3 months, 1 sees a cut in the near-term.
- Addressing FX volatility requires immediate steps as well as structural reforms.
- A weak KRW is not likely to trigger any financial crisis and have ample amounts of USDs.
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