{
  "id": 16169015,
  "title": "BOK chief signals hawkish stance amid outlook for higher growth, rates",
  "url": "https://urgent.news/2026/10/23/bok-chief-signals-hawkish-stance-amid-outlook-for-higher-growth-rates-16169015",
  "topic": "world",
  "section": "World",
  "published": "2026-10-23T09:22:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20261023/bok-chief-signals-hawkish-stance-amid-outlook-for-higher-growth-rates"
  },
  "original_language": "en",
  "account": "Bank of Korea Governor Shin Hyun-song, speaking on Friday, indicated the central bank will adapt its monetary policy to a future scenario featuring higher economic growth and interest rates, suggesting it will adopt a more aggressive stance for an extended period. Responding to a query from Democratic Party legislator Kim Tae-nyeon during a parliamentary audit at the National Assembly, Shin concurred with the view that reverting to the ultra-low interest rate era would prove challenging. \"We will execute policies effectively in preparation for the prospect of a future environment characterized by high growth and high interest rates,\" he affirmed. The central bank has embraced a more assertive approach in recent months, driven by escalating inflation and robust economic expansion. In July and August, it increased the benchmark interest rate to 3 percent, marking the first consecutive rate hikes since January 2023, with the January 2023 hike being the seventh consecutive rate increase in a tightening cycle that commenced in April 2022. Over the 3.5-year period, the rate had been progressively reduced from 3.5 percent to 2.5 percent before the latest round of adjustments.",
  "summary": "Bank of Korea (BOK) Gov. Shin Hyun-song said Friday the central bank will adjust its monetary policy to a future environment of higher economic growth and interest rates, signaling it will maintain a hawkish stance for some time. In response to a question from Rep. Kim Tae-nyeon of the ruling Democratic Party during a parliamentary audit at the National Assembly, Shin agreed with the assessment…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}