BOK’s Rhee Says Policy Moves Including Direction Depend on Data

Bank of Korea Governor Rhee Chang Yong signaled that while the central bank remains in an easing cycle, the timing and size of any future rate moves — or the direction of policy — may shift depending on forthcoming data.

“Given the negative output gap, our official position is that we will maintain the easing monetary cycle,” Rhee said in an interview Wednesday with Bloomberg TV’s Haslinda Amin in Singapore. “But the magnitude and timing of the cut or even the change of direction will depend on the new data that we’ll see.”