| Reuters was first to report the Bank of Korea must keep raising interest rates until the rate of inflation is in decline, but the central bank likely could not halt its tightening before the U.S. Federal Reserve, Governor Rhee Chang-yong said on Saturday. In an interview with Reuters, Rhee also said South Korea’s central bank is ready to take steps, including intervention to stabilize the won against the dollar, if needed, should the bank determine speculative forces are causing the currency’s fall. |
Economy
28 August 2022, 2:43 pm. 1 minute
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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