South Korea’s Lee Says Inflation Cures Are Difficult to Find
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South Korean President Lee Myung Bak said it’s difficult to find ways to curb inflation that may exceed the 4 percent target this year, as the central bank left interest rates unchanged on concerns global growth is slowing.
“There’s no perfect solution to tackle inflation, but if we try our hardest we can find ways to mitigate it,” Lee said in a panel discussion broadcast on KBS Television in Seoul last night. “Inflation is expected to reach a little over 4 percent this year.”