Central banks, like the Bank of Korea, typically prioritize price stability and inflation control, but in South Korea, policymakers also have to address the issue of high household debt. References to household debt are frequently considered in the BOK’s monetary policy decisions, with Governor Rhee Chang Yong acknowledging criticisms about the cautious approach taken in setting the Base Rate. The BOK is concerned about the negative impact of excessive household debt on economic growth, as it weakens spending power, distorts capital allocation, and leads to an overinvestment in non-productive sectors.
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Former Spain soccer official Rubiales goes on trial for unsolicited kiss of player
Former president of Spain's soccer federation Luis Rubiales faces trial for sexual assault after kissing forward Jenni Hermoso without her consent following Spain's victory at the Women's World Cup final in 2023. Rubiales denies wrongdoing, but could face a prison sentence of one to four years if found guilty. Along with Rubiales, former Spain women's national team coach Jorge Vilda, former sports director Albert Luque, and former head of marketing Rubén Rivera are also on...
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