· Chang Yong Rhee Wiki · Bank of Korea WikiKorea's monetary policy amid an accelerated global monetary tightening
Read full speech on bis.org ↗ContextSpeech at the Peterson Institute for International Economics in Washington; the Bank of Korea keeps prices and finance stable during fast global rate rises.
Why it mattersRhee explains Korea's hikes amid accelerating global tightening.
Problems raised
- Global tightening is accelerating.
- External uncertainties are high.
- Currency volatility affects Korea.
Solutions proposed
- Continue raising rates in Korea.
- Monitor Fed, oil and China developments.
- Manage currency volatility.