Bank of Korea Warns Policy Rates Must Rise as Inflation Persists
The Bank of Korea said policy rates will need to rise at an appropriate time, reinforcing its hawkish stance on borrowing costs just a week before policymakers meet to decide on further tightening.
The central bank noted that inflation remains above its target and demand pressures are gradually rising, necessitating a rate hike to manage price risks. It also stated that the foreign exchange market faces no liquidity issues and the won could gain against the U.S. dollar.
From the sources (5 posts)
@firstsquawkSouth Korea's Inflation Seen Above Target, With Demand Pressures Gradually Rising, BOK Says
@zerohedge*BOK SAYS RATE HIKE NEEDED CONSIDERING RISKS INCLUDING PRICES
@businessSouth Korea’s central bank reiterated that policy rates will need to rise at an appropriate time, reinforcing its hawkish stance just a week before policymakers will meet to decide on whether to resume tightening
@firstsquawkSouth Korea's Foreign Exchange Market Faces No Liquidity Issues, BOK Chief Says
@firstsquawkSouth Korea's Central Bank Chief Says Won Could Gain Versus U.S. Dollar