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BOK says Fed rate cut meets market expectations Updated: 2019-10-31 13:03:33 KST

The Bank of Korea is taking a positive view of the U.S. rate cut.
BOK senior deputy governor Yoon Myun-shik said the Fed's rate cut helps remove some market uncertainty and will help support global growth and have a positive effect on the local economy.
It also eases concerns, he said, about possible capital outflows from Korea.
As for the BOK, with its key rate at an all-time low of 1-and-a-quarter percent, the deputy governor said the bank will continue with its monetary easing.
KOGL : Korea Open Government License
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