Ample liquidity, hopes for economic recovery to offset inflationary fears
Posted : 2021-03-08 17:00
Updated : 2021-03-09 09:11
U.S. President Joe Biden speaks after the Senate approved a $1.9 trillion virus relief plan, at the White House in Washington, D.C., Saturday. Reuters-Yonhap
By Lee Min-hyung
Ample liquidity and rising hopes for a post-coronavirus economic recovery will offset escalating inflationary fears amid rising interest hikes, market experts said Monday.
The Bank of Korea (BOK) and financial authorities here have placed top priority on revving up the economy this year despite concerns over inflation-driven bubbles in the nation s asset market.
Economists here remained optimistic for the economy to achieve a major rebound in 2021 under the precondition that the coronavirus threat diminishes gradually and any possible COVID-19 mutations do not bring any further economic damage.