Economics

Bank of Korea Flags More Rate Hikes to Come Over Inflation Fears

Lee says policy rate still accommodative despite hike to 1.25%
Bonds, equities fall as investors see more rate rises coming

Outside the Bank of Korea in Seoul.
Photographer: SeongJoon Cho/Bloomberg

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By Jiyeun Lee and Hooyeon Kim

January 14, 2022 at 12:39 AM UTC

Updated on

January 14, 2022 at 5:12 AM UTC

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Bank of Korea Governor Lee Ju-yeol signaled the likelihood of more interest rate increases to come following Friday’s hike, as the central bank clearly put inflation concerns ahead of uncertainties over Covid-19.