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Soaring won, delay in full vaccination more immediate concern for Korea By Lee Kyung-min Concerns about inflation are emerging on the back of hopes of an earlier-than-expected economic recovery sparked by the beginning last December of mass vaccinations against COVID-19 in some countries ― a dramatic turnaround from worries over deflation raised amid the economic meltdown brought on by the coronavirus pandemic. Some say it is too early to worry about inflation at a time when business activities are still in the doldrums and consumer price levels remain low. However, others argue that governments and central banks should take preventive action as inflation could occur sooner than expected due to the toxic cocktail of an astronomical amount of liquidity in the market and the potential worldwide economic recovery

New yorkUnited statesSoult ukpyolsiSouth koreaBill dudleyJim biancoLee ju yeolFederal reserve bankKorea universityConsumer expectationsEuropean unionSeoul national universityNational universityKim so youngKim jin illReserve board