Korea suggests it may hike rates

The Bank of Korea said on Thursday 11 August thatit would consider increasing interest rates if the economy recovered fully.

The comments were made after the BOK kept interest rates unchanged at a record low of 3.25% for the ninth month in a row as optimism grows for a long awaited recovery in domestic consumption.

Park Seung, the BoK governor, said a gradual recovery was under way, citing improved economic indicators. "If we are convinced the economy has entered a full-fledged recovery, we wil