Politics
South Korea's President Lee says interest rate rise is unavoidable
Key Points
South Korea's President Lee says interest rate rise is unavoidable SEOUL, Sept 1 : South Korean President Lee Jae Myung said on Tuesday the economy is at a point where an interest rate rise is unavoidable, risking denting growth potential at a time socially disadvantaged are feeling the impact of higher borrowing costs. Lee was speaking at a cabinet meeting where the national budget for 2027 is scheduled to be reviewed and adopted. He asked parliament to offer broad suggestions that could...
South Korea's President Lee says interest rate rise is unavoidable
SEOUL, Sept 1 : South Korean President Lee Jae Myung said on Tuesday the economy is at a point where an interest rate rise is unavoidable, risking denting growth potential at a time socially disadvantaged are feeling the impact of higher borrowing costs.
Lee was speaking at a cabinet meeting where the national budget for 2027 is scheduled to be reviewed and adopted. He asked parliament to offer broad suggestions that could improve the government proposal.