SEOUL, Jan 12 (Reuters): South Korean President Park Geun-hye was not assuming an interest rate cut as a sure thing when she talked about cooperation between policy authorities at a news conference on Monday, an aide to Park said.
Park's comment gave an immediate lift to bond futures prices on speculation that it would increase pressure on the central bank's policy committee to lower interest rates as early as at its January 15 meeting.
"(President Park) was stating the general principle that any macro-economic policy decision will be made through communication between authorities in charge," said Choi Sang-mok, a presidential secretary on economic and financial policy.
South Korean president did not assume sure-thing rate cut
FE Team | Published: January 13, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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