Remarks from head of the Bank of Korea S
- Sees 2018 Korea growth at 3.0 pct vs 2.9 pct seen earlier
- Sees 2018 Korea inflation at 1.7 pct vs 1.8 pct seen earlier
- Thursday's interest rate decision was unanimous
- Robust global economy growth main reason for upgrading Korea growth outlook
- Growth momentum in 2018 to be stronger in the first half
- Virtual coin price surge unlikely to destabilise financial system
- Too early to assess economic impact from surge in virtual coin trading in Korea
- BoK is working with bis to research impact of virtual coins on payment settlement system worldwide
- Recent FX rates have shown herd-behaviour
The Korean central bank are not too happy with the recent rise in the won, hence the 'herd' comment. If the 'herd' suddenly stampeded the other way the BoK would refrain from the name calling.
Book talkers, eh? .... They're everywhere!
