BoK bristles at government presence during rate-setting vote

Bank of Korea, Seoul

Tensions between the Bank of Korea and Korea's government heightened on Wednesday after Kim Choong Soo, the governor of the Bank of Korea, complained about the finance ministry's role in the policymaking process.

Kim was quoted by Bloomberg, a news agency, expressing frustration with the current arrangement in which a representative of the finance ministry attends the monthly rate-setting meetings as an observer of the seven-member Monetary Policy Committee.

"There should be a more effective and

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