South Korea's Central Bank Chief Signals Rate Hike Coming as Inflation Risks Rise

According to Jin10 on June 12, South Korea's central bank governor Rhee Chang-yong warned that policymakers cannot fall behind the inflation curve and signaled readiness to tighten monetary policy as early as next month. Amid persistent Middle East conflict pushing up energy prices, Rhee stated that inflation concerns have intensified and the central bank must act before it is too late to protect price stability. He noted that growth, inflation, and financial stability dynamics point toward the need for policy action, though relief measures may ease some near-term pressure.
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