Geostrategic magazine

La Corea del Sud e la difficile congiuntura economica

Dall’analisi di Andrew Salmon, Asia Times. The Bank of Korea’s rate rise yesterday – its ninth since last August – combined with downgrades to growth forecasts for 2022 are setting the stage for a grim year-end. The central bank lifted the benchmark seven-day repo rate from 3% to 3.25% in a bid to contain inflation that is putting a squeeze on Korean households. Last month, consumer prices jumped 5.7%, far beyond the BOK’s 2% inflation target. “The board judges that the policy response to ensure price stability should be continued, as inflation has remained high,” the BOK’s Monetary Policy Board announced in a statement covered by Yonhap News Agency.

Brakes screeching on South Korea’s slowing economy – Asia Times