Central Banks
Bank of Korea’s Rhee Highlights Economy With Inflation Focus
- Rhee signals recalibration as inflation may ease, economy slow
- Oil prices, exports and property market among his top concerns
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South Korean policymakers should consider the impact on the economy and financial stability of their efforts to rein in inflation, central bank Governor Rhee Chang-yong said, signaling a recalibration as a tightening cycle winds down.
“If the emphasis was on inflation last year, it appears this year will be one where, while the emphasis remains on inflation, the trade-off with the economy and financial stability should be closely considered,” Rhee said Wednesday.