Bank of Korea (BOK) warns weak won risks inflation as USD/KRW diverges from fundamentals
Summary: Bank of Korea Governor Rhee Chang-yong said the central bank will review its forward guidance framework on the future path of interest rates. Rhee warned that excessive won weakness could harm domestic businesses and add to inflation pressures. He said USD/KRW levels above 1,400 appear disconnected from Korea’s economic fundamentals. The BOK will not […]