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South Korea central bank says impact of monetary policy on economy will be greater in 2023

South Korea central bank says impact of monetary policy on economy will be greater in 2023

Bank of Korea on the lagged effect of monetary policy changes.

  • said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022
  • estimates that its 300 basis points of rate increases in the current tightening cycle would drag down the country's economic growth rate by 1.4 percentage points in 2023, compared with 0.9 percentage points last year
  • expected to lower consumer inflation by... Read More
Posted: Mar 9 2023, 03:07
Author Name: forexlive
Views: 082136

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