SEOUL- South Korea’s central bank governor said on Wednesday the monetary board will adopt a mix of policies in finishing the “last mile” fight against inflation.
“The Bank of Korea, while maintaining balance, will end well the last mile of inflation fight through a sophisticated policy mix,” Bank of Korea Governor Rhee Chang-yong said at a New Year event.
“Moreover, we need to prepare thoroughly for the possibility of financial uneasiness that may be triggered in the process of monetary policy remaining restrictive,” Rhee said.
Rhee said the central bank will collaborate with the government and financial institutions in dealing with risk signs that have recently emerged in the country’s real estate sector.
The Bank of Korea has maintained its policy interest rate at 3.5 percent , the highest since late 2008, since its last hike in January 2023.
