South Korean governor lays ground for rate cut

Bank of Korea, Seoul

South Korea’s central bank is considering whether to cut rates in its next monetary policy board meeting.

Bank of Korea governor Juyeol Lee hinted at a possible rate cut in a speech celebrating the BoK’s sixty-ninth anniversary today (June 12), citing the ongoing US-China trade war and a weakening memory chip market.

“Economic growth has faltered this year, as the pace of increase in consumption has slowed amid declines in exports and investment,” he said.

The speech came just two weeks after

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