BOK’s Lee: Not right time to consider rate cut

Bank of Korea (BOK) Governor Lee Ju-yeol is on the wires now, via Reuters, speaking about the economic and interest rate outlook following the monetary policy decision announced earlier today.

Key Headlines:

To maintain accommodative rate policy.

Today's decision was unanimous.

Exports fell in value terms due to falling chip prices.

Exports sustaining slight increase in volume.

Fed's tightening stance seen still intact.

Still hard to predict US-China trade negotiation outcome.

External uncertainties still seen very high.

Not right time to consider rate cut.

Current rate level is already accommodative.