BoK's new Governor Shin says to seek inflation stability and financial stability through cautious and flexible monetary policy operations
Says:
- Face greater uncertainty in inflation and growth.
- To operate monetary policy in a prudent and flexible manner.
- Uncertainty has grown over inflation and growth outlook due to supply shock from the Middle East conflict.
Context
Governor Shin's remarks suggest a cautious approach to monetary policy in light of increased uncertainty due to the Middle East conflict driving inflation and growth concerns. The emphasis on flexibility indicates an adaptive stance that could influence market expectations for rate movements, particularly in fixed income. This approach may also signal potential volatility in currencies as the situation evolves.
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