Bank of Korea to Keep Policy Restrictive to Curb Inflation
The Bank of Korea will maintain a restrictive monetary policy stance to address stubborn inflation driven by energy costs and artificial intelligence demand. Governor Shin Hyun Song noted that price pressures remain above target despite annual inflation slowing to 2.9 percent in September.
South Korea will maintain a restrictive monetary policy stance as headline inflation remains above its 2% target, Governor Shin Hyun Song said on Tuesday afternoon.
