Lee Chang-yong, governor of the Bank of Korea, said today (26th) regarding the currency swap with the United States, "I can tell you that there is an 'information exchange' as Jerome Powell, Chairman of the US Federal Reserve, is talking about."



President Lee attended the plenary meeting of the National Assembly Planning and Finance Committee today and answered the question 'Are the Korea-US currency swaps in progress?'



He said, "The Fed's currency swap has internal standards. When there is a problem of liquidity shortage in the global dollar market, it is to be discussed. At the time of the last two (Korea-US) currency swaps, it was not only signed with Korea, It was signed simultaneously with nine countries when there was not enough dollar liquidity. The Fed is monitoring (the dollar liquidity, etc. if conditions are right)," he added.



Rather than discussing currency swaps between the two countries as a policy, it is interpreted to mean that the Fed is monitoring the dollar liquidity situation and closely sharing this information with Korea.



In addition, Governor Lee said, "Theoretically, there is no need for a currency swap right now," he said. "The only thing is that it is good to receive a swap because the people are too anxious." It's right to talk when you're near that, but the conditions aren't right, but if you ask for a swap as if there is something wrong with our country right now, there may be side effects and it can be low-key."



In addition, Governor Lee said, "0.



"We expected the Fed's final interest rate to be 4% at the end of this year, but now it has risen to over 4.4% and the final rate forecast for next year has also been raised to 4.6%," he said. , we will make a decision after closely examining the impact on domestic prices and growth, as well as on the financial and foreign exchange markets, with the Monetary and Monetary Commission members.”



Regarding inflation, he predicted, "It is expected to peak in October, but the rate of decline due to the depreciation of the won is likely to be slow."



"In the future, inflation will be affected by exchange rates and economic conditions in major developed countries," Lee added.



(Photo = Yonhap News)