S&P urges Korea to maintain expansionary monetary, fiscal policies
Posted : 2021-01-12 15:17
Updated : 2021-01-13 09:33
S&P Global Ratings Asia-Pacific chief economist Shaun Roache speaks during the Institute of Global Economics online seminar, Tuesday. / Yonhap
By Park Jae-hyuk
S&P Global Ratings has indicated support for lower interest rates and a larger fiscal stimulus for Korea to sustain its economic recovery from the COVID-19 pandemic.
Shaun Roache, the chief Asia-Pacific economist of the global credit rating agency, said on the sidelines of his appearance at a seminar organized by the Institute for Global Economics, Tuesday, that the Korean government should ensure that financial stimuli should not be withdrawn too quickly.