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17 Jan 2020

BOK’s Lee: Fiscal policy would be much more effective than monetary policy in solving structural issues

“Friday's rate decision was not unanimous,” South Korea’s central bank, Bank of Korea (BOK), Governor Lee Ju-yeol said in a statement on Friday following the central bank’s monetary policy decision.

The BOK left the Key interest rate unchanged at 1.25% earlier today, as widely expected.

Key Quotes:

Board member Shin in-seok was dissenter to Friday’s rate decision.

Board member Cho dong-chul was dissenter to Friday’s rate decision.

Fiscal policy would be much more effective than monetary policy in solving structural issues of S. Korea economy.

Deal signed by US-China positive for S. Korea exports.

Jan 17, 2020

Asia's top FX forecaster says Yuan will end 2020 as one of the worst performing currencies - Bloomberg

MUFG Bank Ltd., which topped the currency-forecasting stakes for the region in the final quarter of 2019, thinks trade tensions will return and China'
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Jan 17, 2020

Japan PM Abe says he seeks a year of stability and growth

Japanese PM Abe is on the wires now, via Reuters, speaking after the Japanese Cabinet Office released the mid-term economic projections. Abe said that
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