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  • BOK head sees Fed's stimulus tapering only matter of time
    BOK head sees Fed's stimulus tapering only matter of time
    The U.S. Federal Reserve's possible monetary stimulus tapering is just a matter of time, South Korea's top central banker said Wednesday, amid increased uncertainty following the bank's recent decision to postpone it.The remarks by Bank of Korea (BOK) Gov. Kim Choong-soo came as the Fed surprised the market last week by announcing its decision to delay tapering of the US$85 billion monthly bond-buying program.Most ma...
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BOK head sees Fed's stimulus tapering only matter of time

Sept. 25, 2013 - 09:29 By 윤민식
The U.S. Federal Reserve's possible monetary stimulus tapering is just a matter of time, South Korea's top central banker said Wednesday, amid increased uncertainty following the bank's recent decision to postpone it.

The remarks by Bank of Korea (BOK) Gov. Kim Choong-soo came as the Fed surprised the market last week by announcing its decision to delay tapering of the US$85 billion monthly bond-buying program.

Most market players expected the Fed to start dialing back the monetary stimulus starting this month.

Gov. Kim said in a monthly meeting with economists that as external conditions quickly change, South Korea, a small and open economy, should flexibly respond to economic situations. (Yonhap News)



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