News Headline Summary

South Korea Central Bank Chief sees 2013 GDP at 2.8%

Says

- Jan. 11 rate decision to hold rates was not unanimous.
- Sees 2013 inflation at 2.5% and 2014 inflation at 2.8%
- Sees 2014 GDP at 3.8%.
- Forex level isn't a consideration in rate decision.
- They are closely monitoring rapid movement in the forex market.
- Smoothing operation in times of volatile fx moves is a responsibility.

Reaction details (02:32)

- No immediate reaction seen in either KOSPI or USD/KRW.

11 Jan 2013 - 02:24 - - Source: Newswires

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