ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Bank of Korea chief signals rate hike coming despite COVID surge

Central bank holds benchmark at 0.5% but warns of side effects

Bank of Korea Gov. Lee Ju-yeol: He has warned that keeping interest rates too low for too long would risk side effects.   © Reuters

SEOUL -- The head of South Korea's central bank on Thursday signaled an interest rate increase is coming within this year, striking a note of caution about side effects from a prolonged loose monetary policy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more