The Bank of Korea falls behind the curve

Chi Lo, regional head of research & senior economist (NE Asia), Global Markets, Standard Chartered Bank, Hong Kong, discusses Bank of Korea''s reactive monetary policy.

The Bank of Korea BoK has been reactive in its monetary policy and has thus fallen behind the expectation curve. But it does not matter to Korea at this juncture, as rate cuts are not going to help boost growth and asset prices.

So do not expect the BoK to ease aggressively. Solid progress in structural reform is needed to help turn around the current economic deadlock. But political and economic constraints will hamper any significant reform...

To continue reading, please login or register for free

Click for more on: bank | korea | falls | behind | curve

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...