"It will be a year when a sophisticated policy mix is more important than ever due to a growing possibility of conflict between inflation, economic growth and financial stability," Governor Rhee Chang-yong said in his New Year's address.
He said a fast cooling of the real estate market could cause financial market instability, while listing the war in Ukraine and the COVID-19 situation in China as the main sources of uncertainty facing the country's economy and inflation.
(Reporting by Choonsik Yoo; Editing by Alison Williams)
