South Korea sees no policy risk from board member replacement


SEOUL: South Korea’s central bank chief said he sees no monetary policy risk from the expected replacement of one of the bank’s seven-member board as all members currently share similar views about the economy.

Although Jang Byung-wha, senior deputy governor and a voting member of the bank’s Monetary Policy Board, is due to finish his three-year term on June 24, the remaining six board members do not differ in how they view the economy, the Bank of Korea governor Lee Ju-yeol said.

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