SEOUL, Sept 1 (Reuters) – South Korean President Lee Jae Myung said on Tuesday the economy is at a point where an interest rate rise is unavoidable, risking denting growth potential at a time socially disadvantaged are feeling the impact of higher borrowing costs.
Lee was speaking at a cabinet meeting where the national budget for 2027 is scheduled to be reviewed and adopted. He asked parliament to offer broad suggestions that could improve the government proposal.
(Reporting by Jack KimEditing by Ed Davies)
