IMF: Seoul Could Do More to Combat Inflation

SEOUL—The International Monetary Fund wants South Korea to raise interest rates faster and let its currency rise further in value to tame inflation, according to officials familiar with discussions taking place between the IMF and Seoul.

The IMF’s concerns could put further pressure on the Bank of Korea and the national government to curb prices increases, even after several rate increases by the former and efforts by the latter to rein in prices on everything from gasoline to cellphone bills.

It also underscores lingering worries over inflation among fast-growing Asian nations despite signs of softness elsewhere in the globe.


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