USD/KRW recovers to 1,266 after BOK Chief Rhee’s comments on inflation

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26 May 2022

USD/KRW recovers to 1,266 after BOK Chief Rhee’s comments on inflation

South Korea's new central bank governor Rhee Chang-yong said that the rate hike decision at its monetary policy meeting on Thursday was unanimous.

Rhee added that the policy focus will remain on stabilizing prices for few months.

Bank of Korea (BOK) raised the base rate by 25 bps from 1.5% to 1.75% earlier this Thursday, as widely expected.

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