“Monetary policy needs to stay accommodative until a stable recovery in our economy is seen, as there are high uncertainties to the growth path, while inflation is also expected to fall below the target level for a while,” said the Bank of Korea (BOK) Governor Lee Ju-yeol said in a New Year’s message on Thursday. The South Korean central banker also cited global resurgences in COVID-19 cases, the discovery of virus variants and the possibilities of a reignition in global trade disputes as risks to the export-reliant economy, in addition to demographic and labor challenges, per Saltwire.com. Market reaction USD/KRW remains on the back foot around 1,084, down 0.39% intraday, following the news. In doing so, the pair fades recent corrective pullback from a three-week-low flashed earlier in Asia. 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. View All Post By FX Street FXStreet News share Read Next US Dollar Index Price Analysis: Fizzles corrective pullback from multi-day low below weekly resistance FX Street 1 year “Monetary policy needs to stay accommodative until a stable recovery in our economy is seen, as there are high uncertainties to the growth path, while inflation is also expected to fall below the target level for a while,” said the Bank of Korea (BOK) Governor Lee Ju-yeol said in a New Year’s message on Thursday. The South Korean central banker also cited global resurgences in COVID-19 cases, the discovery of virus variants and the possibilities of a reignition in global trade disputes as risks to the export-reliant economy, in addition to demographic and labor challenges, per Saltwire.com. Market reaction USD/KRW remains… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
