Bank of Korea Governor Rhee Chang-yong discusses the market reaction following the brief decree of martial law by President Yoon Suk Yeol late Tuesday. Speaking to Bloomberg’s Haslinda Amin, he says it’s unlikely the central bank will cut interest rates despite the political chaos. He also expresses confidence in the government’s ability to handle the crisis and says geopolitical tensions and global trade uncertainties are a bigger concern.
00:00:00 Rhee on markets fallout from martial law declaration
00:02:02 Is the BOK prepared for prolonged political uncertainty?
00:03:05 Outlook for interest rates: "no reason to change economic outlook"
00:04:30 Communication with finance ministers, regulators; FX markets
00:06:56 "Political certainty has actually increased"
00:09:09 What scenarios would worry BOK Governor Rhee?
00:10:42 BOK’s Rhee discusses Korean won, markets
00:12:38 What to expect in next 48 hours in South Korea politics, economy
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