Bank of Korea Governor: "This Freeze Is the Fruit of Our 'Scratching' efforts... Securing Policy Room"
4 Articles
4 Articles
Bank of Korea Governor Shin Hyun-song said on the 22nd, “Since growth and inflation are expected to be stronger than projected in August, it is necessary to continue the current tight policy stance.” Speaking at a press conference following the Monetary Policy Committee meeting where the base interest rate was frozen, Governor Shin stated, “Inflation
(Seoul = Yonhap News) Reporters Chae Sae-rom and Lee Do-heun = Bank of Korea Governor Shin Hyun-song assessed the decision to freeze the base interest rate on the 22nd as "the fruit of the hoeing."
Bank of Korea Freezes Base Rate at 3.0%
Shin Hyun-song, Governor of the Bank of Korea, gavels in the Monetary Policy Board meeting held at the Bank of Korea headquarters in Jung-gu, Seoul, on Oct. 22. (Yonhap) The Bank of Korea’s Monetary Policy Board froze the base rate at an annual 3.0% on Oct. 22. The central bank opted to take a pause to examine the ripple effects of the consecutive base rate hikes in July and August. However, considering the record current account surplus, high e…
Bank of Korea Governor Shin Hyun-song spoke at a press conference on the Monetary Policy Board's monetary policy direction held at the Bank of Korea in Jung-gu, Seoul on the 22nd.
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