Lee Chang-yong, the governor of the Bank of Korea, said at a press conference held right after the Monetary Policy Committee on the 28th regarding the outcome of the South Korea-U.S. summit that it was "very positive."
Governor Lee noted, "The situation is not much different from the results of the (South Korea-U.S.) tariff negotiations in early August," adding, "Thanks to the smooth summit, there was less pressure to freeze interest rates."
He also said, "Fortunately, there was no need to significantly change the forecast figures we were preparing in the revised economic outlook."
Governor Lee elaborated, "If the results had been negative, while current prices are stable, the conflict between growth and financial stability would have intensified, making it quite burdensome to decide on a freeze in interest rates."