[Yoo Choon-sik] KDI’s warning against Fed-tied policy
The Korea Development Institute’s revised economic forecasts and comments, released last week, contained sources of confusion for investors regarding the central bank’s monetary policy direction for the rest of the year because it warned against tying the country’s interest rate policy too closely to that in advanced economies. In its biannual event, South Korea’s most influential research institute upgraded this year’s economic growth forecast to 2.6 percent from 2
May 20, 2024