BOK’s Shin Sees Need for Rate Hike Ahead of Next Week’s Meeting

Bank of Korea Governor Shin Hyun Song told parliament that policy rates will need to rise at an appropriate time, reinforcing the bank’s hawkish stance just a week before a...

By Heesu Lee · Bloomberg Markets

Bank of Korea Governor Shin Hyun Song told parliament that policy rates will need to rise at an appropriate time, reinforcing the bank’s hawkish stance just a week before a widely expected rate hike.