韓国銀行の申鉉松（シン・ヒョンソン）総裁は水曜日、物価が目標水準に向かっていると確信できるまで、インフレを抑制するために先制的な努力を継続する意向を明らかにした。
申総裁は記者会見の席上で、中東情勢の影響が長引いていることから、消費者物価は当面の間、高水準で推移する見通しであると指摘した。
韓国の5月の消費者物価は前年同月比3.1%上昇し、26ヶ月ぶりの高い伸びとなった。申総裁は、サムスン電子やSKハイニックスでの巨額のボーナス支給をはじめとする技術セクターでの最近の賃上げが、他産業の物価も段階的に押し上げるだろうと述べた。
韓国銀行は、2026年下半期の消費者物価上昇率を3%前後、コアインフレ率を2%台半ばと予測している。申総裁は、現在の状況下において、政策金利を一度に0.5ポイント引き上げるいわゆる「ビッグステップ」については否定した。
X上での初期の反応では、物価が安定するまでインフレに積極的に対応するという韓国銀行総裁の公約が注目されており、金融関連のアカウントが声明を直接引用している。アナリストらは、賃金や需要圧力の中での利上げを含め、タカ派的な政策シグナルを指摘している。一部のユーザーからは、繰り返されるインフレ警告や、成長率および家計への影響に対する懐疑的な意見も上がっている。中東情勢にもかかわらず物価高が長引くことへの懸念から、会見の中立的な要約まで、多様な意見が見られる。
Bank of Korea’s Shin says it will actively respond until inflation is clearly stabilising toward the target
— First Squawk (@FirstSquawk) 2026年6月17日
Headline: Bank of Korea Governor Warns Inflation May Last Longer — Risk Assets Face Rate Pressure
— BlockchainSeoul (@Blockchainseoul) 2026年6月17日
Bank of Korea Governor Hyun Song Shin warned that inflationary pressure may remain elevated for a considerable period, even after the Middle East war ceasefire.
His message was… pic.twitter.com/jJajBWTvom
New Tansitory
— 시나리오 작가 세토 (@cetopariya) 2026年6月17日
If he keep talking like that, thet won't be able to get inflation under control, and they'll end up scrambling to raise interest rates again later.
이번 성명에 “productivity growth… are strong” 이라고 구체적으로 언급한게 인상 깊네요.
— JunDoJun 🩸 (@JunDo1050) 2026年6月17日
물가가 높게 유지될 것에 대한 우려도 있지만 장기적으로 추가 상승압력이 그렇게 크지 않을 수 있다는 것을 암시하려는 것인지🤔
최대한 중립적이게 보이려는 매파적 입장같네요. pic.twitter.com/IGZJ0qdaRu
okay less unsure on this now, don't want to overreact but i think he has *much* more focus on price stability & inflation than the market was ready for
— tolks (@_tolks) 2026年6月17日
didn't particularly take solace in energy now down/ME peace as an easy offramp he could've used but instead reiterated they'll… https://t.co/HRsoyxOvIP
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South Korea's Bank of Korea unanimously kept its benchmark interest rate unchanged at 2.5 percent on April 10, marking the seventh consecutive hold since July 2025 amid high uncertainty from the Middle East war, which has fueled inflation risks, growth slowdowns, and won weakness. Governor Rhee Chang-yong noted the won could strengthen quickly if tensions ease. The next policy meeting is May 28.
The Bank of Korea faces mounting pressure for monetary tightening after a spike in global oil prices triggered by Middle East conflict. Markets increasingly expect the benchmark rate to reach 3 percent by year-end.
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Shin Hyun-song, nominee for Bank of Korea governor, apologized on April 15 at a National Assembly confirmation hearing for controversies over his family's nationalities and property holdings. He acknowledged the Korean won's recent weakness but stated the country has ample dollar liquidity to buffer shocks. Amid Middle East tensions, he said monetary policy should prioritize inflation.
President Lee Jae Myung on Tuesday instructed officials to take prompt action to stabilize consumer prices amid ongoing pressures from the Middle East conflict.
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President Lee Jae Myung nominated Shin Hyun-song, an official at the Bank for International Settlements (BIS), as the new governor of the Bank of Korea (BOK) on Sunday. Shin will replace current Gov. Rhee Chang-yong at the end of his four-year term in April. The choice aims to balance price stability and economic growth amid global uncertainty from the Middle East crisis.
The South African Reserve Bank kept its repo rate unchanged at 6.75% on Thursday, citing the ongoing Iran war and rising oil prices. Governor Lesetja Kganyago said inflation remains on target but could accelerate if the conflict persists. The bank warned of potential rate hikes later this year.
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South Korea's real GDP jumped 1.7 percent in Q1 2026 from the prior quarter—the strongest growth in 5½ years—despite Middle East tensions, easily topping the Bank of Korea's 0.9 percent forecast on robust exports and steady domestic demand. Part of the rebound following 2025's modest 1% annual expansion (see prior article in series).