Bank of Korea to assess inflation, growth for rate hikes, board member says

Global Market: Bank of Korea signals data-driven approach to further rate hikes

Bank of Korea board member Chang Yong-sung signaled a data-driven approach to future interest rate hikes, emphasizing inflation, economic growth, and financial stability. The remarks follow the central bank's recent 25 basis point rate hike to 3.00% on August 27 as policymakers act to contain financial imbalances.

Bank of Korea to assess inflation, growth for rate hikes, board member says

SEOUL, Sept 22 : A board member of the Bank of Korea said on Tuesday the central bank will determine the timing and pace of further interest rate hikes by closely assessing inflation, economic growth and financial stability.• "Going forward, factors such as accumulating financial imbalances, sector-specific