BOK will prepare for ‘orderly’ exit from monetary easing if recovery remains solid: chie …

bok will prepare for orderly exit from monetary easing if recovery remains solid chief

Sumary of BOK will prepare for ‘orderly’ exit from monetary easing if recovery remains solid: chief:

  • Exit from the pandemic-era monetary easing policy if an economic recovery remains solid, the head of the Bank of Korea (BOK) said Friday..
  • “If our economy is expected to continue its solid pace of recovery, we will orderly normalize the current easing of monetary policy at an appropriate time,”.
  • Volatility in financial markets at home and abroad is likely to grow as accelerating inflation could force central banks around the world to withdraw their pandemic-era stimulus measures, Lee said..
  • Last month, the BOK sharply raised its 2021 growth outlook to 4 percent while holding its benchmark policy rate unchanged at a record low of 0.5 percent, as exports showed a strong rebound….

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