A board member of the Bank of Korea has reassured the markets about dollar liquidity. Lee Soo-hyung emphasized that dollar liquidity in the dollar-won market is not a concern. She made these remarks during a press briefing held in Washington, D.C.
This year, the won has depreciated nearly 8% against the dollar, reaching the psychological threshold of 1,400 in mid-April. Despite this depreciation, Lee emphasized that forex liquidity conditions, particularly regarding dollar liquidity, remain stable.
Lee also expressed surprise at South Korea's weaker-than-expected economic growth in the third quarter. However, she noted that temporary factors could be influencing these results. The stability of dollar liquidity could play a role in navigating these economic challenges.
While consumer spending shows signs of recovery, exports have declined. This decline raises concerns about future growth. Consequently, discussions about potential stimulus measures to support the economy may arise, especially considering the importance of maintaining robust dollar liquidity.
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Bank of Korea's Lee Soo-hyung addresses dollar liquidity concerns. Despite challenges, the outlook for economic growth remains hopeful.
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