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SEOUL (Reuters) – South Korea’s nominee for its new central financial institution chief mentioned on Thursday worries about inflationary and financial dangers are mounting and that he would totally evaluation handle progress, worth pressures and monetary imbalances.
“Considerations that inflation and financial dangers at house can intensify concurrently are mounting as uncertainty in exterior circumstances heightens,” Rhee Chang-yong, a veteran Worldwide Financial Fund official, mentioned in a written speech.
His remarks come a day after the presidential workplace nominated Rhee as the brand new central financial institution chief.
The uncertainty in exterior circumstances Rhee talked about features a faster normalisation in Federal Reserve’s financial coverage, financial slowdown in China as a result of fast-spreading Omicron coronavirus variant and the Ukraine warfare.
“I’ll elaborate my concepts on the coverage and organisational administration by the upcoming parliamentary listening to session,” Rhee mentioned.
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