BoK chief reaffirms pledge to combat growth risks

Lee: I am aware that expectations for a reduction of the base rate have increased since my anniversary speech.

SEOUL: South Korea’s central bank chief reaffirmed his pledge to respond to a drastic worsening in economic conditions, in a sign a rate cut might not be too far off.

“As I said at my anniversary speech, the Bank of Korea (BoK) will appropriately respond to the changes in (economic) conditions,” Bank of Korea Governor Lee Ju-yeol told reporters.