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South Korea prepared to respond to US Fed interest rate hike

South Korea's vice finance minister on Thursday said the government is prepared to make policy responses against any adverse impact from the Federal Reserve's interest rate rise.


Reuters 14 Jun 2018, 12:32 AM Korea Rep.,United States
  • The government has been expanding cheap loans through policy financing. (Image Credit: Flickr)

South Korea's vice finance minister on Thursday said the government is prepared to make policy responses against any adverse impact from the Federal Reserve's interest rate rise.

Speaking to reporters after a policy meeting in Seoul, Ko Hyoung-kwon said the government has been expanding cheap loans through policy financing as corporate fundraising could come under pressure as interest rates rise.

"We have various tools ready to prepare for higher interest rates," Ko said.

"Capital outflows shouldn't be too big a concern just because of changes in interest rates."

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