“Concerns that inflation and economic risks at home can intensify simultaneously are mounting as uncertainty in external conditions heightens,” Rhee Chang-yong, a veteran International Monetary Fund official, said in a written speech.
His remarks come a day after the presidential office nominated Rhee as the new central bank chief.
The uncertainty in external conditions Rhee mentioned includes a quicker normalisation in Federal Reserve’s monetary policy, economic slowdown in China due to the fast-spreading Omicron coronavirus variant and the Ukraine war.
“I will elaborate my ideas on the policy and organisational management through the upcoming parliamentary hearing session,” Rhee said.
Source: Economy - investing.com
