BOK Chief Nominee Rhee: Interest rate hikes are way to go for now unless they hurt growth

Rhee Chang-yong designated as the new Bank of Korea Governor said Tuesday that he backs further rate rises to subdue expectations for stronger inflation even though the move can be “unpopular.”

Key quotes

“Policy interest rate differential between the US, South Korea shouldn't be too big.”

“Interest rate hikes are way to go for now unless they hurt growth.”