BOK expected to report losses

South Korea's central bank is expected to have recorded more than 100 billion won (US$96.4 million) in losses last year following interest payments for debts sold to control liquidity ballooned, officials at the Bank of Korea said Tuesday.

But the estimated losses are smaller than previously expected as lower interest rates allowed the Bank of Korea to pay less in interest, they said.

A large part of the loss resulted from the central bank's interest payments for so-called monetary stabilizatio