South Korean economic growth depends on the spread of coronavirus, Bank of Korea (BOK), Governor Lee Ju-yeol said in a statement following the announcement of the central bank’s monetary policy decision on Thursday. Key quotes Thursday’s rate decision was not unanimous. Board member Cho dong-Chul dissented to Thursday’s rate decision. Board member Shin in-Seok dissented to Thursday’s rate decision. Expects S. Korea economy to expand this year assuming spread of virus starts to curb soon. It would be effective if govt offers loan guarantees as BOK considers special lending to non-financial institutions. BOK has policy rooms to respond to slowing growth. USD/KRW rebounds Having found support near daily lows 1,212.18 on the BOK no rate change announcement, USD/KRW extends its bounce above 1,216 levels, up 0.10% so far. 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 USD/MXN: Mexican Peso’s 90-day correlation with oil is strongest in four years FX Street 2 years South Korean economic growth depends on the spread of coronavirus, Bank of Korea (BOK), Governor Lee Ju-yeol said in a statement following the announcement of the central bank’s monetary policy decision on Thursday. Key quotes Thursday's rate decision was not unanimous. Board member Cho dong-Chul dissented to Thursday’s rate decision. Board member Shin in-Seok dissented to Thursday’s rate decision. Expects S. Korea economy to expand this year assuming spread of virus starts to curb soon. It would be effective if govt offers loan guarantees as BOK considers special lending to non-financial institutions. BOK has policy rooms to respond to slowing… 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.
