New BOK Board Seen Favoring Lower Rates for Growth
- Central bank watchers say most candidates have dovish stance
- Four new nominess will vote on interest rates from May 13
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A changing of the guard on Bank of Korea’s board will usher in four policy makers with links to the government, increasing speculation that the BOK may cut borrowing costs that are already at a record low.
The nominees announced Monday to replace members vacating their positions on April 20 have all worked directly in government or for state-funded research organizations. The current board’s last rate-decision meeting will be held April 19, with the new members to make their first determination at a gathering on May 13.