BOK Governor Nominee Sees More Risk for Prices Than Growth

South Korea’s central bank governor nominee Shin Hyun Song said he sees greater risks of higher inflation than slower growth from the current turmoil in the Middle East, a comment that suggests he may start his tenure with a slightly hawkish tilt on interest rates.

In response to a question from opposition People Power Party lawmaker Park Soo-young, Shin said the upward risks for inflation appear greater than the downward risks for the economy, based on the extent to which they are likely to deviate from current forecasts.