BOK says economy on modest growth track

The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.

``Domestic demand shows signs of recovery and exports are still showing two-digit growth. We expect the economy to maintain its modest growth pace," BOK governor Lee Seong-tae told reporters.

``External factors like China's tightening monetary policy and U.S. sub-prime mortgage problems could turn worse," Lee told

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