Monday November 22, 2010 - 07:57:17 GMT
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Forex News"Think Tank in Korea:Bank of Korea will Increase Interest further"
Forex News--The important think tank of Korea government Korea Development Institute urged the Bank of Korea on Sunday to increase the benchmark raio further, and calling the officials for trying best to take additional capital measures to ease the attacks that brought about the quick flowing of the cross-border capital.
KDI also said that it is necessary for Korea governmetn to adopt the policy tool to against the risks that will be harmful for the global economcy and to control the forming of the inflation and asset bubble.
KDI said on its statement that the current interest rate is too low from the consideration that Korea economy reflects strong growth after getting rid of the economic crisis.
They also said that under the context that the developed countries launch more loose monetary policy, Korea economcy's strong fundamental may go on attracting the foreign assets.
Edited By Sarah
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