Bank of Korea’s governor Lee Ju-yeol thinks a recent surge in coronavirus infections within the country poses a risk to economic recovery, according to highlights of the governor’s prepared speech for a parliamentary session released by Reuters.
Key quotes
Uncertainty in the local economy has risen, as such, the bank will maintain accomodative monetary policy to support economic recovery.
The central bank will monitor coronavirus development, effect of previous policy responses, household debt, property market.
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