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Minutes of the Monetary Policy Board Meeting(July 2019)

Monetary Policy Board Secretariat (02-759-4146) 2019.08.20 1416

Most members shared the opinion that, in overall consideration of the domestic and international financial and economic environments, it would be desirable to cut the Base Rate by 0.25 percentage points this month.


However, Dr. Lee, Il Houng expressed clear opposition to the idea of cutting the Base Rate by 0.25 percentage points and argued for keeping it at its current level.


(Monetary Policy Board Meeting on July 18, 2019)

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