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BOK official suggests potential shift from rate cuts to hikes amid strong growth, inflation pressure
A senior Bank of Korea (BOK) official signaled that the central bank may need to stop cutting rates and begin considering hikes, as stronger-than-expected growth and rising inflation pressures shift the policy outlook. “It is time to stop rate cuts and think about hikes,” Ryoo Sang-dai, BOK’s senior deputy governor, said after attending the Asian Development Bank annual meeting in Samarkand, Uzbekistan, on Sunday. [...]