SEOUL :South Korea's central bank governor nominee Rhee Chang-yong said on Tuesday the bank will continue to tighten monetary policy, but suggested the pace of hikes will be more sedate than what is expected of the U.S. Federal Reserve.
"The degree of policy accommodation needs to be adjusted at an appropriate pace to stabilize prices without hurting growth momentum, and will also seek to ease household debt growth in the process," Rhee said in the speech. Rhee said although inflation is likely to strengthen over the next year or two, growth headwinds from the Ukraine crisis, U.S. monetary policy, and COVID-19 resurgence in China will also need to be closely monitored and factored in policy decisions.
Analysts currently expect the policy rate to rise to 2.00 per cent by the end of this year as most economies are now moving in the same direction to fight surging inflation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BOK governor nominee says monetary policy tightening will continueSEOUL : South Korea's central bank governor nominee Rhee Chang-yong said on Tuesday the bank will continue to tighten monetary policy, while ensuring the recovery momentum is not hurt as downside risks to growth is increasing. In a speech prepared for a parliamentary hearing, Rhee said both inflation and
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOK governor nominee says monetary policy tightening will continueSEOUL : South Korea's central bank governor nominee Rhee Chang-yong said on Tuesday the bank will continue to tighten monetary policy, while ensuring the recovery momentum is not hurt as downside risks to growth is increasing. In a speech prepared for a parliamentary hearing, Rhee said both inflation and
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Australian election race tightens after rocky start to campaign
Source: STForeignDesk - 🏆 4. / 71 Read more »
Social egg freezing: Can it help boost Singapore's flagging birth rate?Singapore is often seen as a bellwether of policy direction in Asia, offering clues on the best practices for regulating everything from cryptocurrency and healthcare to public transport. But until recently, it was lagging behind its neighbours in one glaring aspect: allowing healthy, single women to freeze their eggs. The island nation has for years sought to boost its dismal... Thats not fair... Can male freez their.. not egg la.... Sperms
Source: asiaonecom - 🏆 10. / 59 Read more »
Women's Hall of Famer and Nobel Peace Prize nominee Bridget Tan dies aged 73SINGAPORE - The founder of migrant worker rights group Humanitarian Organisation for Migration Economics (Home), Mrs Bridget Tan, died on Monday (April 18). She was 73. In a Facebook post on Monday evening, Home said Mrs Tan had suffered a stroke in February 2014. She was recuperating and working with non-profit groups in Batam. Home called Mrs Tan a pioneer...
Source: asiaonecom - 🏆 10. / 59 Read more »
Health Minister Ong Ye Kung: Further reopening depends on these 2 thingsSINGAPORE - As Singapore mulls over the next steps of its reopening, it will keep two considerations in mind, said Health Minister Ong Ye Kung on Sunday (April 17). The first is the overall Covid-19 situation here, with Mr Ong saying the authorities will keep a close eye on hospital capacity and the number of severe cases. They will also...
Source: asiaonecom - 🏆 10. / 59 Read more »