Yoon calls for protecting ordinary citizens from high inflation, interest rates
Jul 14, 2022
President Yoon Suk-yeol instructed officials Thursday to find ways to protect ordinary citizens from the financial pressures of high inflation and high interest rates. Yoon made the remark a day after the Bank of Korea delivered an unprecedented 0.5 percentage-point rate hike in a preemptive bid to fight fast-growing inflation pressure from high energy and commodity prices. "The rate hike was an inevitable step to control inflation, but that burden must not be passed on to the socially vuln