The Bank of Korea froze the benchmark interest rate for another month Thursday, but hinted that it was moving closer to a hike in order to rein in inflation.
“We’re keeping a close tab (on prices,) as upward inflationary pressure is expected to grow in the second half of this year,” BOK Governor Kim Choong-soo told reporters after a monetary policy board meeting.
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| Bank of Korea Governor Kim Choong-soo The Korea Herald |
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