BOK Said to Have Met Economists to Improve Communication Lines
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The Bank of Korea called in economists on Monday to discuss communication on monetary policy, after catching them off guard earlier this month when it cut the benchmark interest rate to a record low.
Officials including Deputy Governor Yoon Myun Shik and Director General Huh Jin Ho spent two hours with six economists from financial companies and universities, talking about what the BOK could do better to telegraph its intentions, according to two people who were present at the meeting. A spokesman for the central bank declined to comment on the matter.