South Korea's central bank has vowed to focus on global uncertainties such as the Federal Reserve's normalization of rates when implementing its monetary policies in the future.
This is according to the Bank of Korea's monetary policy report...which is released four times a year to help the public better understand its policy operations.
The central bank is vowing to focus on financial stability...given overseas uncertainties such as the monetary policy normalization in the U.S. and trade dispute between China and the United States.
The report added the BOK has kept its accommodative policy...meaning generally lower interest rates to make borrowing cheaper, which encourages spending, investment and growth.
