Bank of Korea senior official:
- Does not hold view that monetary tightening is over
- It is still too
early to be relaxed over inflation
BoK statement:
-
Early shift in domestic monetary policy may add pressure on local
currency - Recently increased
volatility in local currency higher than past, other currencies - Monetary policy
should consider inflation, financial imbalance, foreign exchange,
credit crunch risks - Degree of policy
tightening has lessened significantly this year