Bank of Korea Governor Shin Hyun-sung said on the 12th the path of inflation is
the primary consideration in interest-rate decisions. Speaking at a
parliamentary finance and economic committee oversight hearing in Seoul, he was
asked whether the central bank would hike again in October or November. Shin
said the bank is especially concerned that inflation will hit low-income and
The most vulnerable households and that vulnerable borrowers are already feeling
pressure from high rates. Markets take his comments to indicate the BOK will
seek to balance containing inflation with easing the burden of high rates on
households and firms.
