Bank of Korea Governor Lee Ju-yeol hinted at another key rate hike in the first quarter of next year, Thursday, in what is widely seen as an attempt to dispel concerns over inflation and soaring household debt. His remarks came less than an hour after the BOK monetary policy board voted to hike the key rate by 25 basis points to 1 percent, a widely expected move brought on by rising inflation, but buttressed by the country’s solid economic recovery.

Source link