{"id":21131,"date":"2023-04-24T07:29:40","date_gmt":"2023-04-24T07:29:40","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/bank-of-koreas-rhee\/"},"modified":"2023-04-24T07:31:17","modified_gmt":"2023-04-24T07:31:17","slug":"bank-of-koreas-rhee","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/bank-of-koreas-rhee\/","title":{"rendered":"Bank of Korea&#8217;s Rhee says some short-term rates have fallen more than expected"},"content":{"rendered":"<p>SEOUL (Reuters) -The head of South Korea&#8217;s central bank said on Monday some short-term interest rates had fallen more than he had expected, adding it was probably due to a shift in funds en masse in search of quick profit.<\/p>\n<p>Bank of Korea Governor Rhee Chang-yong also told reporters the central bank&#8217;s monetary policy tightening since late 2021 had had an effect when considering recent cooling trends in the real estate market and household borrowing.<\/p>\n<p>&#8220;Interest rates for one- or three-month terms have fallen a little bit more than I had expected, and so, I think we need to look into it,&#8221; Rhee said when he stopped by the bank&#8217;s media office on the occasion of the completion of renovation work.<\/p>\n<p>He did not say what the bank would do with short-term interest rates, which have fallen mainly on the widely held perception that the its tightening cycle is over as both inflation and economic growth have continued to soften.<\/p>\n<p>He also said he did not expect U.S. and South Korean leaders to discuss reviving a currency swap arrangement between their central banks at their summit later this week.<\/p>\n<p> (Reporting by Seunggyu Lim; Writing by Choonsik Yoo; Editing by Toby Chopra and Christopher Cushing)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/bank-of-koreas-rhee\/2023-spring-meetings-of-the-world-bank-group-and-the-6\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3N066-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3N066-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL (Reuters) -The head of South Korea&#8217;s central bank said on Monday some short-term interest rates had fallen more than he had expected, adding it was probably due to a shift in funds en masse in search of quick profit. Bank of Korea Governor Rhee Chang-yong also told reporters the central bank&#8217;s monetary policy tightening [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":21132,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-21131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3N066-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=21131"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21131\/revisions"}],"predecessor-version":[{"id":21133,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21131\/revisions\/21133"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/21132"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=21131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=21131"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=21131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}