S.Korea policymakers to closely monitor impact of rising interest rates

S.Korea policymakers to closely monitor impact of rising interest rates

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SEOUL (Reuters) – South Korea’s finance ministry and central bank said on Monday they had agreed to cooperate in minimizing adverse risks of rising interest rates on vulnerable households


and businesses.


In a joint statement released after a meeting of finance minister Choo Kyung-ho, Bank of Korea Governor Rhee Chang-yong and others, policymakers said they will closely monitor the impact on


currency markets, financial companies and small businesses.


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