Bank of Korea Governor Says Policy Will Adjust to Prepare for High-Growth, High-Interest-Rate Environment

Bank of Korea Governor Rhee Chang-yong said on Friday that the central bank will adjust its monetary policy to adapt to an environment of higher future economic growth and interest rates, signaling that it will maintain a "hawkish" stance for some time. During a parliamentary audit by the National Assembly, responding to questions from lawmakers of the ruling Democratic Party, Rhee agreed with the view that the economy is unlikely to return to the era of ultra-low interest rates. "We will effectively implement policies to prepare for a high-growth, high-interest-rate environment that may emerge in the future," he said. (Sina Finance)