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Bank of Korea Nominee Advocates Flexible Policy Amid Risks

3/31/2026

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Summary

Story summary

Shin Hyun-song, the nominee for the Bank of Korea governor, urged flexible monetary policy amid Middle East risks and higher oil prices.
He said the exchange rate should not trigger financial instability, noting ample dollar liquidity.
He downplayed inflation risks from a supplementary budget to aid low-income individuals affected by the crisis.
Market reactions showed waning confidence, with the won depreciating and bond yields rising.

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Story summary

Shin Hyun-song, the nominee for the Bank of Korea governor, urged flexible monetary policy amid Middle East risks and higher oil prices.
He said the exchange rate should not trigger financial instability, noting ample dollar liquidity.
He downplayed inflation risks from a supplementary budget to aid low-income individuals affected by the crisis.
Market reactions showed waning confidence, with the won depreciating and bond yields rising.