Global EconomyIMPORTANT
BoK Governor Shin affirms inflation is seen remaining above targe for some time and notes chip strength is supporting faster than expected growth
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Shin said inflation would remain above target for some time, chip strength was supporting faster growth, and future hikes would depend on data while financial-stability risks remained relevant.
News detail
Says: Affirms timing and pace of further hikes will be data-dependant. Financial stability risks still require attention. Back-to-back rate hikes were driven by inflation and financial risks. To continue to weigh CPI, growth and financial stability.
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