Monetary stimulus urged in South Korea as inflation lags

11/18/2013 | MK.co.kr (South Korea)

More monetary stimulus is needed to generate inflation and spur South Korea's economy, the Ministry of Strategy and Finance advises the Bank of Korea. Meanwhile, the Korea Development Institute said the nation's "current inflation rate is excessively lower than the inflation target range, showing that we have room to implement monetary policies in the short term" that would include a rate cut.

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