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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Nato forced to scramble warplanes for 13th time in weeks after latest Putin attack
Vladimir Putin has intensified bombardments on Ukraine, impacting areas near four NATO borders, prompting the alliance to deploy warplanes for the 13th time recently. The attacks included over 420 drones and 24 missiles, resulting in casualties in Kyiv and significant damage, with Ukrainian defenses strained amid ongoing assaults across multiple regions. Explain It To Me Like I'm 5: Vladimir Putin's forces launched a major attack on Ukraine, using missiles and drones, causing destruction in cities...
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