BOK to hold provisional Monetary Policy Committee meeting..."Discussion of Market Stabilization Measures"

The Bank of Korea will hold an extraordinary Monetary Policy Committee meeting this morning on the emergency martial law situation.

The Monetary Policy Committee will diagnose the aftermath of the emergency martial law and announce measures to stabilize the market.

Separately, the BOK also convened an emergency meeting to respond to market conditions attended by all executives.

The central bank said it plans to hold two daily response meetings for the time being until the situation calms down and make every effort necessary to stabilize the macroeconomy.

Meanwhile, Lee Chang-yong held an emergency meeting of key executives last night after an emergency meeting on macroeconomic and financial issues to discuss how to respond to the situation.