On the morning of the 31st, Bank of Korea governor nominee Shin Hyun-song said of his currency policy orientation, "Dichotomous analyses such as hawk (preference for monetary tightening) and dove (preference for monetary easing) are not desirable." The market had previously classified Shin as a practical hawk.
Shin met with reporters on his way to the confirmation hearing office set up at the Hanwha Finance Plaza in Jung-gu, Seoul, on Tuesday morning and stated accordingly.
Shin said, "What matters most is to read the overall flow of the economy well and to grasp, at the system level, how the financial system and the real economy are interacting."
Shin said, "After fully grasping this, it is most desirable to respond flexibly depending on the situation."
Asked whether he is more focused on the possibility of inflation due to the Middle East war or concerns about an economic slowdown, Shin answered, "Uncertainty is so high that it is impossible to predict at this time."