Date: October 07, 2022
News Author(s): Cynthia Kim
Photo Credit: Reuters
SEOUL (Reuters) - South Korea's headline inflation is likely to stay around 5% through the first quarter of next year, which would warrant further increases in interest rates, central bank governor Rhee Chang-yong said on Friday.
"Inflation in the 5% range could continue through the first quarter of next year," Rhee said, responding to a question at a parliament session in Seoul, the capital.
"We look at supply and demand (inflationary pressures) but interest rates should increase should inflation stay above 5%."
Expectations are increasing among analysts for a 50 basis point hike in the key interest rate to 3.00% when the Bank of Korea reviews policy at its Oct. 12 meeting.
Rhee has kept the door open for a continued tightening through the first half of next year, and analysts have predicted the base rate would peak at 3.50% in the first quarter of 2023.
Keywords: sterlinghousetrust.com, Sterling House Trust, SHT
Sterling House Trust is a private trust with a difference. It offers its members an exclusive and reliable platform to access unique opportunities and lifestyle services reserved for the select few. With its team of professional managers Sterling House Trust constantly scans the markets and collaborate with reliable global partners to create a portfolio of carefully curated programmes for its members. Members can access these programmes according to their individual needs, interest and financial capacity. Sterling House Trust is headquartered in Auckland, New Zealand, and has operations based in London, UK.
The Sterling House Trust platform was established with the objective of providing its members, secure access to opportunities across a range of global locations, sectors and services.
Our unique Platform was established within the framework of a trust so that the trust would have oversight and governance over the range of services and its quality. Member protection is a core principle and drive in all that we do. Our trustees ensures that the interests and quality of service provided by the Platform are always maintained at the highest standards.
The trust and its trustees provide robust oversight and is constantly on the move to identify and shortlist select opportunities in the international markets. Likewise, we apply the same stringent standards in identifying and selecting providers and professional partners to join our Platform.
The Sterling House Trust Platform utilises our international footfall and relationships to provide our members with access to a range of international opportunities via our global network which covers a broad range of sectors including:
Asset protection, international property ownership and management, alternative and direct ownership, estate planning, banking services, foreign exchange, card services, alternative investment and lifestyle services.
New Zealand Head Office
31/335 Lincoln Road,
14-16 Dowgate Hill,
England EC4R 2SU