South Korea's Finance Minister and the head of the central bank will strengthen their cooperation to address the country's "complex economic risks".
Finance Minister Choo Kyung-ho,Bank of Korea Governor Rhee Chang-yong and other economic officials met on Monday, a day before the country releases its latest report on inflation.
They all shared the view that the economic challenges facing the country are likely to last for some time.
They also vowed to closely monitor and deal with any macroeconomic issues that can arise from interest rate hikes.
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