“Do interest rates determine stock prices? I don’t agree 100%.” Shin Hyun-song dismisses economic risks caused by the stock market

“If there is a price to keep an eye on, it is the price of semiconductors rather than the stock price of semiconductors.” Bank of Korea Governor Shin Hyun-song (pictured) said on the 16th that “the volatility of the stock market is quite high these days,” but that “there are not many systemic risk factors that can affect the real economy.” Governor Shin said at a press conference held after the Bank of Korea Monetary Policy Committee raised the base interest rate from 2.50% to 2.75% per annum on the same day, if volatility in the domestic stock market continues, consumer sentiment will decline.