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Lee Ju-yeol ,... the nominee for next central bank governor says a rate hike could be an
option... if the U.S. Federal Reserve speeds up its stimulus tapering.
In a written response to lawmakers ahead of his confirmation hearing,... Lee said the
Bank of Korea's current monetary policy is good enough to support the nation's steady
economic recovery. He added a rate hike would NOT put major pressure
on the nation's snowballing household debt problem.
Lee's confirmation hearing will take place on Wednesday,... although parliament does
not have the power to veto his appointment. All being well, Lee will start his four-year
term next month. He replaces outgoing Governor Kim Choong-soo.