Bnak of South Korea will face great difficulties in 2023-head bank
2023.01.01 04:51
Bnak of South Korea will face great difficulties in 2023-head bank
Budrigannews.com – As the effects of the recent aggressive policy tightening begin to manifest, the head of the South Korean central bank stated on Sunday that it would likely encounter an increasing conflict between policy goals in 2023.
In his New Year’s address, Governor Rhee Chang-yong stated, “It will be a year when a sophisticated policy mix is more important than ever due to a growing possibility of conflict between inflation, economic growth, and financial stability.”
He said a quick cooling of the housing business sector could cause monetary market flimsiness, while posting the conflict in Ukraine and the Coronavirus circumstance in China as the fundamental wellsprings of vulnerability confronting the nation’s economy and expansion.
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