South Korea's Central Bank Deputy Governor Considers Rate Hike Amid Rising Inflation Risks

According to Odaily, South Korea's central bank deputy governor Ryoo Sangdai said it is time to consider raising interest rates. Ryoo, a member of the monetary policy committee, cited stronger-than-expected economic resilience following Middle East tensions and rising inflation pressures. The central bank has kept its benchmark policy rate unchanged since July last year. Earlier forecasts projected 2% growth and 2.2% inflation for this year, but recent data shows growth prospects remain intact due to strong semiconductor shipments, while inflation risks have increased.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments