[Breaking News] Hyun Song Shin Says This Tightening Will Ease Rising Home Prices and Household Debt Growth

[Financial News] Hyun Song Shin, governor of the Bank of Korea (BOK), said at a press conference on the 27th after the Monetary Policy Board's decision meeting on monetary policy direction, "This rate hike will help ease the upward trend in home prices in the Capital Region and the growth in household debt." He added, "According to most studies, preemptive action, compared with delayed action, can reduce the intensity and duration of tightening by stabilizing inflation expectations more quickly."

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