BOK governor warns on asset price bubble

Central Banking staff
07 Oct 2004

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Bank of Korea (BOK) Governor Park Seung said on Thursday 7 October that further interest rate reductions could lead to an asset price bubble and that current rates were sufficient to support investment and production activities of businesses.

``If we cut the rate further, there is a chance that more capital will flow into the bond and stock markets and even the property market, which could lead to an asset price bubble," he told reporters after the Monetary Policy Committee meeting.

``If there

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