Is it certain that interest rates will be raised next week? The governor of the Bank of Korea has reinforced a hawkish stance, bluntly stating that it is "necessary" to raise interest rates at the appropriate time.

According to the Zhikong Finance App, the Governor of the Bank of Korea, Shin Hyun-song, stated that, given the continued high inflation above target levels, improving economic growth, and increasing financial stability risks, it is necessary for the central bank to raise the benchmark interest rate at the appropriate time. This statement reinforces market expectations that the central bank will start raising rates at the policy meeting next week.