S.Korea should prioritise inflation control, IMF official says

1 min read
South Korea's new central bank governor Rhee Chang-yong inauguration ceremony in Seoul

SEOUL (Reuters) – South Korea’s central bank, the Bank of Korea, should keep up efforts to prioritise inflation control, even as it faces a trade-off with growth, a senior official of the International Monetary Fund said on Tuesday.

Krishna Srinivasan, director of the bank’s Asia and Pacific department, said failing to tackle inflation first could lead to worsening inflationary pressure and eventually hurt growth.

(Reporting by Cynthia Kim; Editing by Clarence Fernandez)


Breaking News:  Venezuelan political talks set to enter challenging phase -opposition delegate