5 Articles
5 Articles
During the parliamentary audit, Bank of Korea Governor Shin Hyun-song assessed that preemptive interest rate hikes were effective in stabilizing the market and reducing economic costs. He also emphasized the importance of harmonizing monetary and fiscal policies, suggesting that the Bank of Korea plans to express more independent opinions regarding future fiscal sustainability.
(Seoul = Yonhap News) Reporters Han Ji-hoon and Chae Sae-rom = Bank of Korea Governor Shin Hyun-song said on the 12th, regarding the effects of consecutive base interest rate hikes in July and August, "Thinking that we bought time..."
The Bank of Korea has repeatedly hinted at the possibility of further raising the base interest rate. During its business report to the National Assembly's Finance, Economy, and Planning Committee for the parliamentary audit held at the Bank of Korea headquarters in Jung-gu, Seoul on the 12th, the Bank of Korea stated, "We plan to determine the timing and pace of further base interest rate hikes while closely monitoring future price and economic…
Bank of Korea Governor Shin Hyun-song assessed that raising interest rates preemptively ahead of the U.S. Federal Reserve bought time and incurred lower economic costs than responding belatedly.
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
