Duck-soo urges BoK caution

South Korea's finance minister, Han Duck-soo, said on Tuesday 15 November that the Bank of Korea should be "more cautious" in raising interest rates.

"Any decisions for rate hikes are completely up to the central bank, but there are no countries that move to curb an increase of asset prices (stocks and real estates) through rate policy," Duck-soo said.

While leaving rates unchanged at 3.5 percent last week, Bank of Korea Governor, Park Seung, suggested that the central bank would have to raise

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: