SEOUL -South Korea’s central financial institution chief mentioned on Wednesday it should take note of the trade-off between managing inflation, financial progress and monetary stability in its financial coverage in 2023.
The remarks at a information convention for foreign-media journalists appeared in keeping with his feedback on Friday final week that prompted buyers to spice up bets that the Bank of Korea’s rate-hike cycle has reached its finish.
“This yr will doubtless be a yr once we should make shut consideration of trade-offs with the financial progress and monetary stability state of affairs, whereas sustaining give attention to value stability,” Governor Rhee Chang-yong mentioned.
Rhee mentioned final Friday that South Ko…
Keep on studying: Bank of Korea chief sees trade-offs in its coverage setting in 2023