{
  "id": 2277770,
  "title": "Bank of Korea deputy chief says monetary policy to be made ’very carefully’",
  "url": "https://urgent.news/2026/08/21/bank-of-korea-deputy-chief-says-monetary-policy-to-be-made-very",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T02:24:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/bank-of-korea-deputy-chief-says-monetary-policy-to-be-made-very-carefully-4870781"
  },
  "original_language": "en",
  "account": "SEOUL, August 21 - The new deputy chief of the Bank of Korea, Kwon Min-soo, emphasized on Friday that monetary policy decisions would be made \"very carefully\" and flexibly when needed. He took into account various factors, including the side effects of rate hikes, economic growth, inflation, financial stability, foreign exchange volatility, and geopolitical risks. Speaking to reporters on his first day in office, Kwon stated, \"It is time to make policy decisions very carefully, and flexibly if needed.\" Economic growth had been improving more strongly than anticipated, while inflation exceeded the bank's target, and financial stability risks remained. The Bank of Korea had raised interest rates for the first time in three and a half years, anticipating further hikes, in response to robust growth in South Korea's economy. Kwon, who will also serve on the central bank's seven-member monetary policy board, said policy decisions would be primarily based on economic conditions and data. When asked about his stance, he declined to define himself as a hawk or a dove. As the won had strengthened significantly since last month, trading near 11-month highs on Friday, Kwon noted that the exchange rate would still be considered a policy variable due to external factors, although economic fundamentals indicated a further strengthening of the currency.",
  "summary": null,
  "key_points": [
    "Bank of Korea deputy chief Kwon Min-soo stresses careful monetary policy decisions",
    "Economic growth strong, inflation above target, financial stability risks remain",
    "Policy decisions based on economic conditions, data, and exchange rate as policy variable"
  ],
  "editors_take": "The Bank of Korea's new deputy chief signals a cautious approach to monetary policy, prioritizing careful consideration of multiple economic factors in decision-making, amid robust growth and inflation concerns.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Bank of Korea deputy chief says monetary policy to be made 'very carefully'",
        "url": "https://urgent.news/2026/08/21/bank-of-korea-deputy-chief-says-monetary-policy-to-be-made-very-2279316",
        "published": "2026-08-21T02:18:11.000Z"
      }
    ]
  },
  "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."
}