BoK’s Rhee: Do not want to rule out possibility of rate cut within this year

Bank of Korea (BoK) Governor Rhee Chang-yong addresses the press conference following the central bank’s monetary policy meeting on Thursday.

Key quotes

Thursday's rate decision was unanimous.

Household debt increase in last couple months was faster than expected.

Will manage household debt with micro measures first.

May consider macro policy to tackle household debt, but not for now.

Six members wanted to keep door open for one more hike.

Uncertainty very high regarding US monetary policy.

Too early to talk about rate cut.

Do not want to rule out possibility of rate cut within this year.