Bank of Korea Governor Rhee Chang-yong discusses the market reaction following the brief decree of martial law by President Yoon Suk Yeol late Tuesday. Speaking to Bloomberg’s Haslinda Amin, he says it’s unlikely the central bank will cut interest rates despite the political chaos. He also expresses confidence in the government’s ability to handle the crisis and says geopolitical tensions and global trade uncertainties are a bigger concern.
00:00:00 Rhee on markets fallout from martial law declaration
00:02:02 Is the BOK prepared for prolonged political uncertainty?
00:03:05 Outlook for interest rates: "no reason to change economic outlook"
00:04:30 Communication with finance ministers, regulators; FX markets
00:06:56 "Political certainty has actually increased"
00:09:09 What scenarios would worry BOK Governor Rhee?
00:10:42 BOK’s Rhee discusses Korean won, markets
00:12:38 What to expect in next 48 hours in South Korea politics, economy
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Author: Bloomberg Television
Go to Source
News post in December 4, 2024, 12:05 pm.
Visit Our Sponsor’s:
News Post In – News
