Global Market: Bank of Korea signals data-driven approach to further rate hikes
Credit: Anupam Nagar
Bank of Korea board member Chang Yong-sung signaled a data-driven approach to future interest rate hikes, emphasizing inflation, economic growth, and financial stability. The remarks follow the central bank's recent 25 basis point rate hike to 3.00% on August 27 as policymakers act to contain financial imbalances.