BoK Governor nominee Shin says South Korea inflation is to accelerate and external risks pose uncertainty

Says:

• Sees upward pressure on prices and downward pressure on the economy.
• Risks may expand further and economic growth may weaken.
• To seek to stabilise prices and financial stability, and will work to internationalise the won.
• Monetary policy needs to act if there are prolonged inflationary pressures stemming from Iran war.