Hong Nam-ki and Lee Ju-yeol, Breakfast Meeting on the 2nd... Will It Quell Controversy Over Fiscal and Monetary Policy 'Out of Sync'?

[Image source=Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki and Bank of Korea Governor Lee Ju-yeol will hold a breakfast meeting on the 2nd.

Recently, as the Bank of Korea has hinted at the possibility of a rate hike within the year, the government has continued to inject funds through supplementary budgets, leading to criticism of a 'policy mismatch.' It is interpreted that both sides will meet to discuss policy coordination.

Deputy Prime Minister Hong recently emphasized at the full meeting of the Planning and Finance Committee that he does not consider the monetary and fiscal policies to be 'out of sync,' stating, "I do not think they are mismatched," and highlighting that "the roles of fiscal policy and monetary policy are different."

Meanwhile, Deputy Prime Minister Hong and Governor Lee plan to discuss the agenda of the 'G20 Finance Ministers and Central Bank Governors Meeting' to be held in Italy on the 9th and 10th during this meeting.

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