Central Banks
BOK’s Rhee Says Tariff Impact on Growth Remains Policy Challenge
Governor of the Bank of Korea Rhee Chang-yong starts a monetary policy meeting at the central bank's headquarters in Seoul, on April 17.
Photographer: SeongJoon Cho/BloombergThe Bank of Korea remains concerned at the tariff impact on economic expansion rather than inflation and is judging how to keep cutting interest rates while weighing stability risks, according to Governor Rhee Chang-yong.
With South Korea unlikely to retaliate strongly to US levies, Chinese export costs falling and domestic growth below potential, policymakers in Seoul are determining their next easing move, he signaled during a panel discussion at the European Central Bank’s annual forum in Sintra, Portugal.