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S. Korea gov't reaffirms policy normalisation

09-03-2010 08:45 BJT

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South Korea's finance ministry has reaffirmed that it will gradually return policies to pre-crisis settings. It shows the country isn't overly worried about recent signs of slowing growth in major economies.

The remarks came after data showed the nation's exports were cooling, but not quickly enough to force policymakers to change stance. The ministry says the government will gradually normalise macro economic policy direction taking into consideration employment, prices and financial market conditions.

The Bank of Korea is expected to raise interest rates as early as next week, for the second time. That's on concerns inflation expectations will pick up late this year.

Editor:Xiong Qu |Source: CNTV.CN

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