Bank of Korea says robust growth and inf are likely to remain above target for
some time and reaffirmed a tightening monetary stance. In a policy report the
central bank said it will closely monitor price trends, economic conditions and
financial stability in determining the timing and pace of any further increases
in the benchmark rate; it raised rates in July and August. The report warned
renewed Middle East tensions could lift cost pressures, and chip-driven export
strength may spill into domestic demand and add demand-side price pressure.
