BOK to Weigh Inflation and Growth for Rate Hikes
The Bank of Korea will determine the pace of future interest rate hikes by carefully assessing inflation and economic growth. Board member Chang Yong-sung noted that monetary policy must work alongside macroprudential measures to address financial stability risks.
South Korea's central bank will pace further interest rate hikes by assessing inflation, economic growth, and financial stability, board member Chang Yong-sung said during Tuesday morning trade. The remarks arrive after policymakers lifted borrowing costs to 3.00% on August 27 to combat persistent price pressures. The policy path depends heavily on managing accumulating debt risks without choking domestic recovery.
