Bank of Korea Governor Shin Hyun-song says the central bank will need to raise policy rates at an “appropriate time,” reiterating a hawkish view ahead of a widely expected decision next week. Speaking to South Korea’s National Assembly, Shin links the timing of any hike to a range of factors rather than a single data point. He highlights that inflation remains above the target and is expected to stay elevated for a considerable period, even as some external pressures ease. Shin also points to the balance between improved economic growth and financial stability risks, saying the BOK will consider inflation, growth conditions, and risks to the financial system. In discussing the broader outlook, Shin notes the economy is expected to remain solid, supported by the semiconductor industry cycle, and that tensions in the Middle East have eased compared with earlier periods. He further emphasizes that the BOK is working to develop policy recommendations from a neutral, longer-term perspective, including structural issues such as low birth rates, an aging population, balanced regional development, and climate change.