Shin Hyun-song considered pragmatic hawk with global clout by investment banks

HONG KONG — Global investment banks see Shin Hyun-song, nominee for Bank of Korea (BOK) governor, as a pragmatic hawk likely to prioritize financial stability while raising the central bank’s global profile. "Though his views will come into closer view at the parliamentary confirmation hearing, Shin’s past remarks, coupled with Korea’s macroeconomic conditions, suggest he will take a relatively hawkish policy stance," said Kang Min-joo, senior economist for Korea and Japan at ING. Kathleen Oh, Morgan Stanley’s chief economist for Korea and Taiwan, echoed the view, citing Shin’s remarks at a G20 conference in September 2022. At the event, Shin said "central banks’ most urgent task is to stabilize inflation," and has strongly argued for the need for preemptive inflation controls. Along with aiming to keep inflation around target, Barclays economist Son Bum-ki said, Shin’s monetary policy framework is likely to focus on both domestic and global credit cycles, while remaining cautious about financial imbalances as a byproduct of policy. He added that Shin’s appointment couWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times