Economics

Bank of Korea’s Lee Signals More Hikes Ahead, Avoids Timetable

BOK raises rates 25 basis points to 1% amid inflation worries
Lee didn’t rule out a move in the first quarter of next year

WATCH: Kathleen Oh, economist at BofA Securities, discusses Bank of Korea’s latest rate hike and the outlook for the economy.Source; Bloomberg

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By Jiyeun Lee and Hooyeon Kim

November 25, 2021 at 12:43 AM UTC

Updated on

November 25, 2021 at 4:16 AM UTC

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Bank of Korea Governor Lee Ju-yeol said interest rates are still accommodative after two hikes since August, suggesting further tightening is in the pipeline as inflation risks mount in the recovering economy.