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South Korea's central bank governor said on Friday it was necessary to raise interest rates "on time" as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict.
"Monetary policy often faces trade-offs between policy variables, but such trade-offs are not huge at this time. Therefore, it is necessary to raise interest rates on time with a focus on price stability," Bank of Korea Governor Shin Hyun-song said.
韩国央行行长周五表示，有必要"按时"加息，因为在以中东冲突引发的高油价背景下，通胀预计将在相当长一段时间内超过目标水平。
"货币政策常常面临政策变量之间的权衡取舍，但目前这种权衡并不大。因此有必要以物价稳定为重点按时加息，"韩国央行行长Shin Hyun-song表示。
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