BOK Deputy Chief Urges Care on Policy
Bank of Korea Senior Deputy Governor Kwon Min-soo stated that future monetary policy decisions will be made carefully and flexibly. He emphasized the need to balance economic growth, inflation, and financial stability risks.
The Bank of Korea will proceed with monetary policy decisions carefully and flexibly, factoring in the side effects of rate hikes alongside growth and inflation. Senior Deputy Governor Kwon Min-soo outlined the cautious approach on Friday during his first day in office in South Korea. The central bank lifted interest rates for the first time in 3-1/2 years last month to cool price pressures.
