Fast Growth Helps South Korea Move Beyond Delta Concerns To Tackle Debt
Trinh D. Nguyen (Natixis) | Governor Lee pulled the trigger and delivered the first interest rate hike in Asia to take the policy rate to 0.75% from 0.5%, while the rest of the region is still reeling from Covid-19 suppressions. The decision signifies South Korea’s strength in making a rapid recovery – from exports that grew 41%YoY in the first 20 days of August to accelerating retail sales to 13%YoY…