Home Bank of Korea Governor: Economy to improve in the second half of 2019
FXStreet News

Bank of Korea Governor: Economy to improve in the second half of 2019

Bank of Korea’s Governor Lee expects the economy to improve in the second half of this year, according to Yonhap.  

Lee’s remarks come after a recent central bank study showed the economy likely contracted  0.3 percent in the first quarter of the year due to falling private investments and exports.

The central bank kept  its policy rate at the current level of 1.75% and  dropped signal for a rate hike earlier this month.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.