South Korea's new central bank governor Rhee Chang-yong said that the rate hike decision at its monetary policy meeting on Thursday was unanimous.
Rhee added that the policy focus will remain on stabilizing prices for a few months.
Additional quotes
Slower global demand to hurt s. Korea exports.
Sees upside risk to growth from increased corporate investment, improving private consumption.
Consumer inflation to exceed 5% soon.
Inflation likely to peak after mid-year.
The Bank of Korea (BOK) raised the base rate by 25 bps from 1.5% to 1.75% earlier this Thursday, as widely expected.
Market reaction
USD/KRW is currently trading at 1,264.61 down 0.15% on the day. The pair stalled its rebound just shy of the 1,267 mark on these above comments.
