Central Banks
Bank of Korea Rate Cut Not a Done Deal This Month, Rhee Warns
- Governor Rhee emphasizes role of fiscal stimulus in interview
- Says Seoul not on radar for Trump yet, but quickly can be
Bank of Korea Governor Rhee Chang-yong pushed back against mounting speculation of an interest-rate cut later this month as he called for swift fiscal stimulus to shore up a sputtering economy further threatened by Donald Trump’s tariffs.
“That is why I’m emphasizing more fiscal stimulus is necessary,” Rhee said in an interview Thursday with Bloomberg TV’s Shery Ahn in Tokyo. “Definitely we think monetary policy and fiscal policy both have room for more accommodative policies.”