South Korea’s central bank chief: No change in stance after Powell’s speech

SEOUL: The head of South Korea’s central bank said on Tuesday that his bank’s monetary policy stance would not change after a speech last week by Federal Reserve Chairman Jerome Powell, who said that the US economy will need tight monetary policy “for a while”.

Still, Bank of Korea Governor Rhee Chang-yong said his bank would continue to closely monitor Fed policy decisions as volatility in global markets increased, the central bank said in a text message to the public. journalists.