Bank of Korea Flags Commodity, Inflation Risks of Ukraine Crisis
- BOK earlier kept interest rates on hold as widely expected
- Governor Lee warns of commodity supply risks from crisis
Outside the Bank of Korea headquarters in Seoul.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Bank of Korea Governor Lee Ju-yeol flagged the risk of the Ukraine crisis impacting global commodities markets and fueling inflation if there is a further escalation, following an earlier decision by the central bank to keep policy on hold.
“Even though we’re not assuming a full-scale war, such a situation would inevitably have a big impact,” Lee said.