Bank of Korea board members consider more rate hikes, minutes show

Bank of Korea Minutes Back More Hikes on Inflation, Growth

The Bank of Korea saw a need for further interest-rate hikes after last month’s increase, as stronger growth threatened to keep inflation elevated and financial stability risks continued to build, minutes from July’s meeting showed.

Bank of Korea board members consider more rate hikes, minutes show

Board members of South Korea's central bank said they would carefully determine the timing and pace of any ​further policy tightening, with some suggesting preemptive action, when they raised interest ‌rates at their last meeting on July 16 to control inflation, the minutes showed on Tuesday.