Bank of Korea picks a fight with US Fed’s AI inflation call
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TOKYO — Bank of Korea Governor Shin Hyun-song ended a three-and-a-half-year rate freeze on Thursday, lifting the policy rate 25 basis points to 2.75% — the BOK’s first tightening move since January 2023.
The timing makes this more than a routine adjustment. Shin appears to be picking a direct fight with the Federal Reserve’s view that AI investment isn’t fueling inflation.
The timing makes this more than a routine adjustment. Shin appears to be picking a direct fight with the Federal Reserve’s view that AI investment isn’t fueling inflation.
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