BOK’s Lee: In no rush to ease policy - Reuters

The Bank of Korea (BOK), the South Korean central bank, Governor Lee Ju-yeol was on the wires earlier today, via Reuters, speaking at a press conference in Seoul.

Key Quotes:

“We need to monitor further but it seems the situation doesn’t warrant to review an easing in policy interest rates now.” 

Recent falls in bond yields seem “excessive,” when asked if a fall in the three-year bond yield the key interest rate at 1.75 percent signaled high expectations for a rate cut.

Any easing by the BOK would mark a U-turn from its tightening cycle, something most economists still say is likely to happen only next year.