Bank of Korea’s Minutes Show Wider Support for Hawkish Shift (opens original article in a new tab)

South Korea's central bank showed growing support for a hawkish shift in policy, with discussions on raising interest rates due to inflation and financial stability concerns.

• Bank of Korea's minutes show increased support for raising interest rates due to inflation and financial stability risks.
• Some policymakers argued for an immediate rate hike, while others preferred waiting for more evidence of inflation spread.
• The central bank's stance reflects a shift towards tighter policy amid global economic conditions and regional conflicts.