Korea’s Kim: interest rate hikes had limited impact
Kim Choong-soo, the governor of the Bank of Korea, on Tuesday hinted that further interest rate cuts may be implemented in the future, despite the central bank's decision to hold rates at its last meeting.
"We will conduct monetary policy in such a way as to help the economy maintain price stability, while sustaining sound growth under the accommodative policy stance," Kim said.
The Bank of Korea moved to normalise its policy stance through a 25 basis point hike to its policy rate on 9 July
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