Photo : YONHAP News
With Kevin Warsh set to take office next month as the next chair of the U.S. Federal Reserve, the Bank of Korea’s(BOK) Senior Deputy Gov. Ryoo Sang-dai says there is greater uncertainty
over the future path of U.S. monetary policy.
Presiding over a market inspection meeting at the central bank on Thursday, Ryoo said there had been a significant divergence of opinions during the U.S. Federal Open Market Committee meeting overnight, with an emphasis on inflation stemming from rising oil prices.
The remarks come after the Fed held its key interest rate steady in the three-point-five to three-point-75 percent range for the third straight session in a vote that saw four dissenters, the highest number since 1992.
The BOK’s senior deputy governor said concerns are growing that the Iran war could drag on amid stalled peace talks between Washington and Tehran.
He then pledged to closely monitor domestic and external risk factors and their economic and financial impact, and to respond promptly.