추경호, “경제 복합위기 시작… 정책수단 총동원해 물가안정, 외환·금융시장 비상계획 점검”
In response to South Korea’s Finance Minister, the native economic system is now in a “advanced disaster”… as main nations tighten their financial insurance policies and the costs of client items soar.
He stated costs are the highest precedence.
Additionally he known as for contingency plans for the monetary markets and the change price.
Eum Ji-young has extra.
South Korea’s finance chief is warning that the nation’s economic system is going through a “advanced disaster.”
Finance Minister Choo Kyung-ho on Tuesday held an emergency assembly of senior financial officers and stated what’s much more regarding is that the disaster is more likely to final for some time.
Choo stated the entire world is experiencing a surge in inflation, and tighter fiscal coverage is predicted from many nations, together with the U.S.
South Korea,… he stated, will not be an exception,… and market volatility is rising with the opportunity of larger Fed rate of interest hikes forward.
Choo urged officers on the assembly to attempt to restrict instability within the international change and different monetary markets.
He additionally famous that contingency plans for the monetary markets must be ready in order that they are often put into motion instantly if wanted.
Additionally, concerning inflation,… Choo emphasised that the highest precedence is to stabilize costs and folks’s livelihoods,… and pledged to provide you with insurance policies to tame costs utilizing all means.
The nation’s client value index final month spiked by 5-point-4 p.c from a 12 months in the past,… the steepest rise since 2008, through the world monetary disaster.
And that appears more likely to proceed for some time,… in response to main financial organizations.
The OECD, in its newest report, has raised its inflation outlook for South Korea this 12 months to a 24-year excessive.
As a part of an effort to sort out the financial disaster, the federal government is to announce the course of its financial insurance policies on Thursday.
Eum Ji-young, Arirang Information.
#SouthKorea #economic system #inflation
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2022-06-14, 17:00 (KST)
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