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Korea's monetary policy amid an accelerated global monetary tightening

· Chang Yong Rhee, Governor of the Bank of Korea (South Korea)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, development and emerging economies

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· Chang Yong Rhee Wiki · Bank of Korea WikiKorea's monetary policy amid an accelerated global monetary tightening

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
  1. Global tightening is accelerating.
  2. External uncertainties are high.
  3. Currency volatility affects Korea.
Solutions proposed
  1. Continue raising rates in Korea.
  2. Monitor Fed, oil and China developments.
  3. Manage currency volatility.
Read full speech on bis.org ↗

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