BOK Deputy Chief Says Time to Consider Interest Rate Hikes
Ryoo Sang-dai stated the central bank will adopt a more hawkish stance due to high inflation. He noted that economic growth is expected to reach 2% this year.
Xurve View
Xurve View
South Korea Senior Deputy Governor Ryoo Sang-dai said the central bank will adopt hawkish forward guidance to consider interest rate hikes. The Bank of Korea (BOK) expects 2% economic growth this year driven by a surge in semiconductor exports. Investors face a shift in policy direction as inflation pressure remains high despite recent government price control measures.
