Incoming Bank of Korea chief signals potential for hawkish shift amid surging import costs
Teona Gherasim
SEOUL, April 15 : Incoming Bank of Korea Governor nominee Shin Hyun-song on Wednesday signaled the potential for tighter monetary policy, stating the central bank must respond if supply-side shocks from the Iran war lead to prolonged inflationary pressure. "A significant test is coming. Given the current situation where the Middle East crisis has not been resolved quickly, I believe price pressures will continue," Shin said when asked by a lawmaker about policy direction at a parliamentary
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