BOK's Rhee on Bank Turmoil, Markets, Oil Prices

The video discusses the impact of recent banking turmoil on South Korea, highlighting the limited direct exposure to Silicon Valley Bank but acknowledging global risks. It explores challenges in digital banking, emphasizing the need for risk management in a digitized economy. The discussion covers interest rates, inflation expectations, and market perceptions, noting the importance of data-driven decisions. The video also analyzes oil prices and global economic factors, stressing the need for caution amid uncertainties. Finally, it addresses central bank strategies and the importance of clear communication with markets.

Why is the Bank of Korea cautious about the expectations of market participants regarding interest rates?

What factors does the Bank of Korea consider when assessing inflation and interest rates?

How does the Bank of Korea plan to communicate changes in their monetary policy to the markets?