Bank of Korea governor says board needs to discuss household debt

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The story "Bank of Korea governor says board needs to discuss household debt" was covered 18 hours ago by Channel News Asia, a news publisher based in Singapore.

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Bank of Korea governor says board needs to discuss household debt - Channel News Asia

Quick Summary:

SEOUL : South Korea's central bank governor said on Monday he would need to discuss with board members the impact of recent government measures aimed at taming household debt, when asked about the possibility of lowering interest rates next week".

Last week, one board member said government measures to curb household debt were expected to gradually take effect, while another member said he needed to see more data although the case for rate cuts was growing.

His remarks came amid growing market expectations that the central bank will lower its policy rate from 3.50 per cent, the highest since late 2008, at the upcoming rate-setting meeting to support domestic demand.