(2nd LD) BOK chief says back-to-back rate hikes bought time to respond to financial risks

On Monday, Oct. 12, the head of the Bank of Korea (BOK) stated that the central bank's back-to-back interest rate hikes successfully bought time to respond to ongoing financial risks.

The remarks from the BOK chief highlight the strategic rationale behind the consecutive rate increases implemented by South Korea's central monetary authority, framing the policy moves as a preventive measure to manage economic vulnerabilities.