Bank of Korea governor says rates need to rise at the right time
Rhee Chang-yong said on July 9 that South Korea should raise interest rates when appropriate, signaling a policy stance closely watched by markets.
Summary
Bank of Korea Governor Rhee Chang-yong said on July 9 that interest rates need to be raised at an appropriate time. The remark points to a tightening bias from South Korea’s central bank and is likely to be monitored by investors for clues on the timing of future policy moves.
Terms & Concepts