S.Korea central bank chief says growth solid, faster-than-expected inflation to continue
Reuters
Published Nov 10, 2021 06:32PM ET
SEOUL (Reuters) - South Korea's central bank chief on Thursday said the country's growth momentum remains solid as expected earlier thanks to improving private consumption, while inflation will exceed earlier expectations for the time being.
"While exports continue to grow steadily, consumption is rapidly improving thanks to changes in COVID-19 policies and the growth trend remains in line with expectations," Governor Lee Ju-yeol said in remarks prepared for a meeting with finance industry experts.
Lee said "faster than expected" consumer inflation will continue for the time being due to global supply bottlenecks and rising oil prices.
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Written By: Reuters
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