outbrain
Close  

S. Korea’s central bank holds first press briefing via YouTube amid COVD-19 fears

/ 06:40 PM February 27, 2020

Bank of Korea Gov. Lee Ju-yeol answers questions from reporters during the central bank’s first press conference to be livestreamed via YouTube on Thursday. (Yonhap) via The Korea Herald

SEOUL — The Bank of Korea held a press conference on its rate decision via YouTube on Thursday, in a first for the central bank.

The conference was held online as part of the central bank’s efforts to combat the spread of the coronavirus and ensure the safety of its officials and reporters, a BOK official said.

ADVERTISEMENT

Following the announcement of its decision to keep its interest rates unchanged at 1.25 percent, BOK Gov. Lee Ju-yeol answered questions from reporters in the livestream on YouTube.

The rate decision, usually announced offline at the BOK headquarters in central Seoul, was conveyed via email and text message as well.

FEATURED STORIES

Questions from reporters were compiled beforehand, and only a representative of the press was allowed to be present at the conference at the BOK headquarters in central Seoul.

Other central banks, including the European Central Bank, have livestreamed press conferences before. The BOK did not arrange an online conference during the outbreak of the Middle East respiratory syndrome here in 2015.

The central bank’s decision defies several experts’ projections that the BOK would cut its rate to a historic low of 1 percent, pressured by the number of coronavirus cases snowballing to more than 1,500 as of early Thursday.

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Asia, Banking, Business, Coronavirus Outbreak, COVID-19, Finance, novel coronavirus, South Korea
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.