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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Kobe Bryant’s wife Vanessa Bryant shares touching image on would-be 24th wedding anniversary
On their 24th wedding anniversary, Vanessa Bryant honored her late husband, Kobe Bryant, by sharing a nostalgic photo on Instagram, reminiscing about their private wedding in 2001. The couple, who had four daughters together, including the late Gianna, have been memorialized through various projects, including the upcoming release of "Mamba & Mambacita Forever," featuring over 100 murals and stories celebrating their legacy. Vanessa continues to express her grief while focusing on uplifting her family, stating...
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