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BANK OF KOREA TO TACKLE INFLATIONARY PRESSURE PREEMPTIVELY.

AsiaPulse News

| February 02, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Feb 2 Asia Pulse - The Bank of Korea (BOK) will take preemptive measures to keep possible inflationary pressures in check, South Korea's top central banker said Monday.

"The central bank will carry out its monetary policy this year so that any buildup in inflationary pressures may be tackled preemptively," BOK Gov. Park Seung told a meeting of senior central bank officials.

Inflationary pressures are likely to build up in the second half of the year in tandem with rises in corporate capital spending and private consumption, he said.

Park said the country's economic growth rate is expected to rise above 5 per cent this ...

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