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Finance
Bank of Korea Governor Lee says monetary policy alone has limits, structural reforms needed
Bank of Korea Governor Lee Chang-yong (이창용) said it is becoming difficult to achieve economic stability and growth through monetary and fiscal policy alone and stressed the need for structural reforms as he ended his four-year term on April 20. He cited rate hikes to 3.5 percent, including two big steps, as a key response after inflation surged. He also pointed to multiple domestic and external crises and listed achievements including lowering inflation to the 2 percent range.
Crypto
Bitcoin and gold combination boosts portfolio efficiency, Citi analysis finds
A portfolio that includes both bitcoin and gold has delivered better long-term performance, Citi analysis showed. Reviewing the past 10 years of bond- and stock-focused portfolios, Citi said efficiency improved when the two assets were held together rather than treated as substitutes. A report said adding 5 percent gold alone raised efficiency, and splitting part of that allocation into bitcoin improved results further. The mix outperformed a traditional 60/40 portfolio in bond rallies and in periods of bearish steepening after 2020.
Crypto
Ripple CEO says crypto will completely reshape finance in 10 years
Ripple CEO Brad Garlinghouse said people tend to overestimate changes over five years and underestimate changes over 10, warning against downplaying the speed of shifts in the crypto industry. Speaking at the FII Priority Summit in Miami, he said stablecoins are already entering real-world use in payments and will spread further. He also cited trust issues and forecast tougher competition as more issuers enter the market.