- BOK: Better to stabilize prices quickly for growth in long-run
Notícias do Mercado
8 setembro 2022
BOK: Better to stabilize prices quickly for growth in long-run
Explaining July's 50 bps rate hike, the Bank of Korea (BOK), the South Korean central bank, said that it is “necessary to raise rates fast and by a large margin "for now."
Additional quotes
Short-term growth loss is inevitable in responding to high inflation.
Better to stabilize prices quickly for growth in the long run.
Will stabilize fx markets if excessive herd-like behaviors seen in dollar-won trading.
Won's recent declines were fast, and some herd-like behaviors seen.
Market reaction
The South Korean won (KRW) met fresh demand on the above comments, knocking down USD/KRW to $1,380 from near-daily highs of $1,384.31. The pair is adding 0.43% on the day, as of writing.
O foco de mercado
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