Tag: rate hike

rate hike

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Japanese Prime Minister Sanae Takaichi speaks during a press conference at the prime minister's office, in Tokyo, Japan, on Oct. 21. [REUTERS/YONHAP]

Takaichi signals looser fiscal goal, urges BOJ rate hike caution

Japanese Prime Minister Sanae Takaichi said on Monday she would work on setting a new fiscal target extending through several years to allow more flexible spending, essentially watering down the country's commitment to fiscal consolidation.

2025.11.10

No more dilly-dallying on utility rate hike

To gain the public’s understanding for the raise in utility bills, Kepco must restructure its organization first to save costs.

2023.10.5

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Finance Minister Choo Kyung-ho, second from right, and Bank of Korea Gov. Rhee Chang-yong, second from left, pose for a photo in a meeting held in central Seoul on Thursday. [YONHAP]

Respite from monster U.S. rate rises plays well in cautious Korea

A respite from monster three-quarter-point U.S. rate increases was met with hope in Korea, and with a sense of caution, as a myriad of risks still remain and the possibility of a return to hawkishness is still very much a threat.

2022.12.15

Impact from the dollar hegemony (KOR)

If the negative effects of the dollar hegemony continue, it will eventually create cracks.

2022.9.27

Impact from the dollar hegemony

If the negative effects of the dollar hegemony continue, it will eventually create cracks.

2022.9.26

Minimizing shocks from utility fee hikes

Given current situation, electricity rate increases cannot be avoided. The government must clearly explain the necessity for rate hikes and offer measures to cushion the shock.

2022.9.22

An electronic display board at Hana Bank in central Seoul shows the won touching 1,300 won per dollar on Thursday. [YONHAP]

Won hits 1,302.8, a 13-year low, as Powell mentions recession

The won declined to a 13-year low on Thursday after the U.S. Federal Reserve chairman acknowledged the chance of a recession.

2022.6.23

Lee Sang-hyeong, Deputy Governor at Bank of Korea, speaks at a press conference held in central Seoul on Wednesday. [BOK]

More personal insolvencies possible, central bank warns

Bank of Korea warned that rising rates may lead to an increase in personal and corporate insolvencies

2022.6.22

Finance Minister Choo Kyung-ho, center, and Bank of Korea Gov. Rhee Chang-yong, second from right, at the joint meeting held in central Seoul on Thursday. [YONHAP]

Bank of Korea to prioritize inflation in monetary policy operation

The Bank of Korea announced it would prioritize inflation in its monetary policy operation, indicating it may raise its interest rate by 50 basis points depending on the economic situation over the next month.

2022.6.16