SEOUL, Feb 11 (Reuters) - The head of South Korea's central bank on Thursday played down the impact of sovereign debt problems in European countries on the domestic economy and said local inflation pressures could build later this year.
Bank of Korea Governor Lee Seong-tae told reporters Asia's fourth-largest economy would grow along the lines forecast earlier this year and that the central bank was aware of the side effects of interest rates staying low for a long time.
(Reporting by Seo Eun-kyung; Writing by Yoo Choonsik; Editing by Jonathan Hopfner)
((choonsik.yoo@thomsonreuters.com; +82 2 3704 5580; Reuters Messaging: choonsik.yoo.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/EUROPE (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bank of Korea Governor Lee Seong-tae told reporters Asia's fourth-largest economy would grow along the lines forecast earlier this year and that the central bank was aware of the side effects of interest rates staying low for a long time.
(Reporting by Seo Eun-kyung; Writing by Yoo Choonsik; Editing by Jonathan Hopfner)
((choonsik.yoo@thomsonreuters.com; +82 2 3704 5580; Reuters Messaging: choonsik.yoo.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/EUROPE (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.