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MNI BRIEF: BOK Sees Faster Recovery; No Policy Unwind Yet

(MNI) Tokyo
TOKYO (MNI)

South Korea's current economic conditions don't warrant any adjustments in monetary policy settings, Bank of Korea Chairman Lee Juyeol said on Wednesday, indicating the central bank will stand pat when it meets on April 15. This year's recovery will be faster than expected but the bank is in no hurry to unwind its easy policy, Lee said in response to reporters questions.

Lee noted that economic activity hasn't returned to its potential level and hasn't yet fully recovered from the Covid-19 shock.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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