Bank of Korea official urges rate-rise consideration
A senior Bank of Korea official said the central bank should consider ending rate cuts and begin thinking about raising rates. The official cited two reasons: economic growth now appears unlikely to fall much below the bank's earlier projections, and inflation is likely to exceed its previous forecast. The comments matter because they point to a possible shift in the policy debate from supporting growth with lower rates toward guarding against stronger price pressure. The article does not give a date for a decision or the size of any possible rate increase.
Bank of Korea may consider raising rates.
Context
The Bank of Korea had earlier views on growth and inflation. A senior official now says…
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