Korean governor hints at rate rises

KOREA - Bank of Korea governor Park Seung signalled on Wednesday that more interest rate rises might be in the pipeline as he stressed the need to curb price pressures in a rapidly expanding economy.

Analysts said the strength of the South Korean won -entrenched near 17-month highs -would take some pressure off the BOK to raise rates, but said building demand-side price pressures meant rate hikes could not be put off indefinitely, reports Reuters.

Park said in a statement prepared for the bank

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