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BoK Gov Lee Reiterates Intention To Begin Policy Normalisation This Year

KRW

Some comments from Bok's Lee hitting the wires after the Bank's semi annual review of its inflation mandate, he reiterates that he has said previously normalistion would begin this year and it is still the Bank's intention to begin orderly normalisation in 2021. Lee adds that inflation is expected to be around 2% next year, but that in the near term prolonged inflation could spur inflation pressure.

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