Bank of Korea Gov.
Shin Hyun-song speaks during a policy briefing session at the National Assembly in Seoul, Wednesday.
Yonhap Bank of Korea (BOK) Gov.
Shin Hyun-song reaffirmed the central bank's rate-hike stance Wednesday, reinforcing market expectations that another rate increase could come as early as August.
"I believe it is most reasonable to maintain the rate-hike stance to bring down core inflation," Shin said during a National Assembly session in response to a lawmaker's question on whether the BOK plans to raise its benchmark interest rate one or two more times this year.
