BOK Governor: "Don't Be Swayed by Short-Term Oil Price Drops; Focus on Economic Fundamentals"

Bank of Korea Governor Shin Hyun-song said today (June 17), "Although oil prices have fallen in the short term following the agreement between the U.S. and Iran, we must not be swayed by market prices and should instead focus on the economy itself from a mid- to long-term perspective."

During a press conference held at the Bank of Korea this afternoon to review the operation of inflation targeting, Governor Shin stated, "While it is fortunate that oil prices have declined and exchange rates have stabilized in the short term, we must not lower our guard."

He emphasized, "In a 'risk-on' environment, everything feels positive, and it is easy to assume that everything is over. However, because market prices change significantly in the short term, we will focus on the mid- to long-term economic ripple effects."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.