S. Korea central bank Governor: Will respond when Won moves are too big

Reuters came out with the latest comments from South Korea’s Central Bank, Bank of Korea, Governor Lee Ju-yeol, as he expresses his concerns on a rising Won.

Key Points:

Will respond when Won moves are too big.

Stance on currency has not changed.

Will respect market but respond when movements are too big.

Monetary policy is not decided on fx rates alone.