Bank of America: The new president of South Korea may adopt a somewhat tighter policy stance

```htmlGolden Ten Data March 24 news: Bank of America economists stated that the incoming Bank of Korea Governor, Shin Hyun Song, could signal a tougher and more cautious policy stance for the central bank. With heightened market volatility caused by geopolitical tensions and inflationary pressures, Shin Hyun Song possesses “expertise in global liquidity, financial stability, and systemic risk.” Although this new appointment will not prompt an immediate rate hike in the second quarter, Bank of America believes the dot plot and statements released at the May policy meeting will be crucial for the future direction of policy.```