SEOUL: Bank of Korea (BoK) governor Lee Ju-yeol expects faster inflation and economic growth this year, but dismissed the view that the central bank needs to tighten policy early to tackle rising financial risks.
In comments released yesterday, Lee pointed to improving exports and investment, along with an extra budget pending parliamentary approval, as factors likely to drive economic growth beyond the BoK’s 3% forecast in February. Lee said inflation would also probably accelerate beyond the bank’s previous 1.3% projection.
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