South Korea central bank to keep policy restrictive until inflation hits target, governor says
TLT•South Korea’s central bank will maintain a restrictive monetary policy until inflation converges to its targets, Governor Shin Hyun Song said. He expects core and headline inflation to remain above target for some time.
1. Policy to remain restrictive
Bank of Korea Governor Shin Hyun Song said the central bank would maintain a restrictive monetary policy stance until inflation converges to its targets. He expects core and headline inflation to remain above target for some time.
2. Neutral rate uncertain
Song said it remains to be seen whether the AI boom will push up the policy neutral rate.
