BOK’s Lee: Reaching policy rate of 1.5% still can't be viewed as 'tightened'

During a post-monetary policy meeting press conference on Friday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that he “Still see a need to further adjust policy rates.”

Additional quotes

Friday's rate decision was not unanimous.

Board member Joo sang-yong dissented to Friday’s rate decision

Current policy rate still accommodative.

Reaching policy rate of 1.5% still can't be viewed as 'tightened'.

Will actively deploy policies to stabilize markets if needed.