Early rate hike ahead of Fed's move minimized economic costs: BOK chief

Korea Times News ·
South Korea

Bank of Korea (BOK) Gov. Shin Hyun-song said Monday that the central bank's August rate hike ahead of the U.S. Federal Reserve's September move gave Korea more time to respond and helped minimize the economic costs of monetary tightening. "We signaled a shift toward higher interest rates earlier than many other major economies. By raising rates in August, ahead of the Fed's September hike, we…

Read original article on Korea Times News →

Related news