BOK chief brushes off inflation worry

Bank of Korea governor Park Seung said Monday 10 November at the BIS meeting in Bangkok "It's true that Korea's foreign-exchange holdings have grown considerably this year, putting upward pressure on the money supply".

Source: Korea Herald

With concerns building over Korea's swelling foreign-exchange reserves applying inflationary pressure, the nation's top central banker has argued that the rise, spurred by a growing trade surplus and currency intervention, is well under control.

"It's true that

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