The Bank of Korea stated that with the shift in U.S. monetary policy, it has more capacity to focus on domestic economic conditions including growth, inflation, and financial stability.
Deputy Governor Yoo Sang-dea held a market situation review meeting related to the results of the Federal Open Market Committee (FOMC) meeting held this morning (19th). Yoo mentioned that the U.S. decision is expected to have a positive impact on easing volatility in the foreign exchange market. However, it was noted that major countries may have differentiated monetary policies depending on their respective situations, and there could be an increase in price volatility due to the U.S. presidential election and developments in the Middle East crisis.
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