BOK Deputy Governor Signals More Rate Hikes on Inflation Risk
AI Summary
The Bank of Korea's outgoing senior deputy governor hinted at more interest rate hikes, emphasizing that robust economic growth is driving underlying inflation pressures. While acknowledging that a stronger currency and recent stock market fluctuations provide some leeway, the official underscored the necessity to address inflationary risks. This signals a continued focus on monetary tightening to maintain economic stability, reflecting broader global concerns about rising inflation.
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