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.
Market reaction
USD/KRW was last seen trading at 1,187.70, up 0.08% so far.