BOK hints at possible rate hike by end of year as economy stabilizes
Updated: 2021-06-11 13:38:19 KST
At the Bank of Korea, Governor Lee Ju-yeol is signaling a rate hike to come at some point, saying the BOK is going to make an "orderly" exit from its monetary easing policy as the economy recovers.
He said Friday that they're preparing to shift away from a pandemic-led policy.
But, he said, any changes are contingent on a solid recovery.
It'll also depend on the COVID-19 situation.
The BOK last month sharply raised its growth outlook for this year to 4 percent but left the key rate unchanged at a record low of half a percent.