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BOK chief says monetary decisions based on U.S.-China trade spat, chip market Updated: 2019-06-25 16:16:08 KST

The head of the Bank of Korea says he will closely monitor developments in the U.S.-China trade spat and the recovery in the chip market when making monetary policy decisions.
At a lunch meeting with reporters earlier today, Governor Lee Ju-yeol said those factors play key roles in the Korean economy, adding that the central bank is also closely monitoring the U.S. Federal Reserve.

He also said this year's inflation would likely fall short of its forecast of 1.one percent, given that inflation for the first half of 2019 was around zero.six percent, far below the bank's two percent target.
The BOK has kept the key rate unchanged since last November, when it raised it by a quarter percentage point to 1.75 percent.
KOGL : Korea Open Government License
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