[South Korea's Choice Financial News News] Bank of Korea governor Lee Ju-yeol said, 23 days after the MPC base rate freeze at a press conference, considering the mid-2% growth, prices level objectives (medium-term 2%) not greater sees potential stagflation '.
Stagflation means that inflation occur simultaneously in recession. Stagnation recession, saying in a memo from the synthesis (stagnation) and inflation (inflation).
The governor Lee Ju-yeol said, "considered somewhat sluggish consumption is not hard one global export growth, mid-2% increase in capex growth.
Price trends related to seafood governor Lee Ju-yeol predicts a 'consumer price inflation for the time being as a whole, including the annual level fluctuations hageteuna concentrated aquatic prices steady recovery in the near to 2% will not significantly deviate from the January forecast (1.8%).
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