June 8 (Reuters) – South Korea’s central bank chief did not comment on interest rate policy in the text of a speech on Tuesday, just two days before its policy meeting.
Bank of Korea Governor Kim Choong-soo emphasised that improving the quality of employment at small and medium-sized enterprises was important for sustained growth in Asia’s fourth-largest economy, according to the text of remarks prepared for delivery at a forum and distributed to journalists in advance.
The speech made no references to monetary policy. The Bank of Korea holds its rate review on Thursday and a survey by a local financial industry association showed on Monday almost all bond traders expect rates to stay on hold at a record low 2 percent. for a 16th consecutive month. [ID:nTOE656013] (Reporting by Yoo Choonsik; Editing by Jonathan Hopfner)