Bank of Korea's New Chief Pledges Cautious, Flexible Policy Amid Iran Risks
The newly appointed chief of the Bank of Korea has reiterated a commitment to a cautious and flexible monetary policy, emphasizing its necessity to navigate economic uncertainties, particularly those stemming from the ongoing Middle East crisis and Iran risks.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
New BOK chief calls for 'cautious, flexible' monetary policy amid Middle East crisis
New Bank of Korea Gov. Shin Hyun-song on Tuesday vowed to pursue a prudent and cautious monetary policy amid heightened uncertainties stemming from the ongoing crisis in the Middle East. Shin made the remarks in his inauguration speech as he began his four-year term, succeeding outgoing Gov. Rhee Chang-yong. "Following the Middle East war, rising global oil prices have simultaneously increased upward pressure on inflation and downward pressure on economic growth, while heightened volatility in f
By The Korea Herald
Read full article →
