Top Bank of Korea Official Says It’s Time to Consider Rate Hike

A senior official at the Bank of Korea said it’s time to consider raising rates, as economic growth appears unlikely to fall much below the bank’s earlier projections, while inflation...

By Heesu Lee · Bloomberg Markets

A senior official at the Bank of Korea said it’s time to consider raising rates, as economic growth appears unlikely to fall much below the bank’s earlier projections, while inflation is likely to exceed its previous forecast.