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S. Korea moves to curb inflation

08-17-2010 13:43 BJT

South Korea's inflation for the second half of the year is on the rise. The central bank says monetary policy will be carried out to maintain price stability and solid growth.

On Tuesday, the central bank kept interest rates on hold, but claimed a rate rise may be announced next month to curb inflation. Analysts say inflation pressure was led by a continuous upswing in business activity and growing domestic demand.

The Bank of Korea Governor says the inflation rate is forecast to move above the bank's medium-term target midpoint from the fourth quarter onwards. He also says a watchful eye should be kept on major overseas economies.

Editor:Xiong Qu |Source: CNTV.CN

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