The Bank of Korea falls behind the curve

Chi Lo, regional head of research & senior economist (NE Asia), Global Markets, Standard Chartered Bank, Hong Kong, discusses Bank of Korea''s reactive monetary policy.
March 22, 2001

The Bank of Korea (BoK) has been reactive in its monetary policy and has thus fallen behind the expectation curve. But it does not matter to Korea at this juncture, as rate cuts are not going to help boost growth and asset prices.

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