Shin Hyun song: The Bank of Korea needs to deal with inflationary pressures and resume tightening policies as early as next month

Bank of Korea Governor Shin Hyun song stated that he cannot fall behind the curve in controlling inflation. The Middle East conflict has pushed up energy prices and disrupted supply chains, and the Bank of Korea will resume tightening monetary policy as early as next month. Shin Hyun song stated that the current trends in growth, inflation, and financial stability are relatively clear. When price stability is threatened, the Bank of Korea must avoid acting too late, as inflation in South Korea may still remain above target levels for a long time.