Bloomberg News

Global Liquidity Pushed Up S. Korea Prices, Minister Bahk Says

October 20, 2011

Oct. 21 (Bloomberg) -- The Bank of Korea kept its key interest rate unchanged at 3.25 percent after raising it in June due to concerns over the latest global fiscal crisis and the impact on the economy, South Korean Finance Minister Bahk Jae Wan said. Ample liquidity driven by global monetary easing pushed up domestic prices, Bahk told lawmakers in Seoul today.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net


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