BOK’s Lee: Policy interest rate is still accommodative

During a post-monetary policy meeting press conference on Thursday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the “policy interest rate is still accommodative.”

Additional quotes

Thursday's rate decision was not unanimous.

Board member Joo Sang-Yong dissented to Thursday’s rate decision.

Shouldn't consider political context into account in monetary policy decision including the presidential election.

Current policy rate below neutral interest rate.

Read: BOK raises key rates by 25bps to 1%, ups inflation forecasts