Shin Hyun-song said on June 12 that higher energy prices and supply chain disruption are strengthening market expectations for monetary tightening as early as next month.
Bank of Korea official Shin Hyun-song said on June 12 that policymakers must not fall behind the curve on inflation as the prolonged Middle East conflict, including the Iran crisis, raises price pressures through higher energy costs and supply chain disruption. His remarks reinforced market expectations that the central bank could resume monetary tightening as early as next month, underscoring concern that external shocks may complicate the inflation outlook.