(LEAD) BOK chief says back-to-back rate hikes bought time to respond to financial risks

What happened: Bank of Korea Gov. Shin Hyun-song said back-to-back rate hikes gave the central bank time to act against possible financial risks, calling the moves unprecedented and a strong market signal. Key numbers: Benchmark rate raised to 3 percent over July and August meetings. Why it matters: Shin said preemptive action helps stabilize markets and cut overall cost, with government bond yields stable over two to three weeks. The BOK cited semiconductor exports for solid growth and said core inflation near 3 percent keeps prices above target. Coverage: 3 outlets in 24h

Bank of Korea Gov. Shin Hyun-song said back-to-back rate hikes gave the central bank time to act against possible financial risks, calling the moves unprecedented and a strong market signal.

Shin said preemptive action helps stabilize markets and cut overall cost, with government bond yields stable over two to three weeks. The BOK cited semiconductor exports for solid growth and said core inflation near 3 percent keeps prices above target.