The minutes of the June meeting of the Bank of Korea suggest a rate hike in July and are concerned about the side effects of high borrowing costs

The minutes of the June meeting of BANK OF KOREA hinted at a rate hike in July and emphasized the side effects of high borrowing costs and concerns about fragile industries. Committee members have warned that rising borrowing costs will exacerbate the plight of vulnerable industries and may require financial support, while urging banks to tighten loan reviews and companies to restructure.