SEOUL : Most of the Bank of Korea's policy board members called for closer attention toward signs of stress in local financial markets while agreeing to a rate hike at their November meeting, minutes showed on Tuesday.
One of the six members cited in the minutes called for a pause in the tightening cycle, which started in August last year, given growing instability in local markets and in order to evaluate the effect of past rate hikes aimed at curbing inflation. The minutes do not identify speakers and do not include comments by Governor Rhee Chang-yong, who had already spoken at a news conference soon after the meeting.
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