Gold 10 data, July 4th news, a Korean central bank official stated that Korea should try to solve the country's high cost of living issue through structural reforms, rather than relying on the central bank to fight against it, because the main goal of the Korean central bank is inflation, not price levels. Ryoo Sangdai, senior deputy governor of the Bank of Korea, said, "Using price levels rather than inflation rates as a target may ultimately increase inflation and economic volatility, as monetary policy will have a reverse reaction to price trends." At the time of Ryoo's statement, the tone of the Bank of Korea became increasingly dovish. South Korean President Yoon Suk-yuel stated this week that it may be necessary to lower interest rates. Ryoo refused to comment on interest rates before the policy decision next week, but he said that under the push of the interest rate cut expectation, the recent trend of the South Korean won also seems to be affected by factors such as the South Korean economic situation and capital flows.
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Güney Kore Merkez Bankası yetkilisi: Para politikasının hedefi enflasyon oranıdır, yaşam maliyeti değil
Gold 10 data, July 4th news, a Korean central bank official stated that Korea should try to solve the country's high cost of living issue through structural reforms, rather than relying on the central bank to fight against it, because the main goal of the Korean central bank is inflation, not price levels. Ryoo Sangdai, senior deputy governor of the Bank of Korea, said, "Using price levels rather than inflation rates as a target may ultimately increase inflation and economic volatility, as monetary policy will have a reverse reaction to price trends." At the time of Ryoo's statement, the tone of the Bank of Korea became increasingly dovish. South Korean President Yoon Suk-yuel stated this week that it may be necessary to lower interest rates. Ryoo refused to comment on interest rates before the policy decision next week, but he said that under the push of the interest rate cut expectation, the recent trend of the South Korean won also seems to be affected by factors such as the South Korean economic situation and capital flows.