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S.Korea should prioritise inflation control, IMF official says

S.Korea should prioritise inflation control, IMF official says
© Reuters. FILE PHOTO: South Korea’s new central bank governor Rhee Chang-yong stands next to his staff members during his inauguration ceremony in Seoul, South Korea April 21, 2022. SeongJoon Cho/Pool via REUTERS

SEOUL (Reuters) – South Korea’s central bank, the Bank of Korea, should keep up efforts to prioritise inflation control, even as it faces a trade-off with growth, a senior official of the International Monetary Fund said on Tuesday.

Krishna Srinivasan, director of the bank’s Asia and Pacific department, said failing to tackle inflation first could lead to worsening inflationary pressure and eventually hurt growth.

Source: Investing.com

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