South Korea to keep economic policy for time being

South Korean Finance Minister Yoon Jeung-hyun said on Wednesday the government would maintain its current macroeconomic policy for the time being, citing uncertainties over the global economy. "Uncertainties surrounding the global economy such as fiscal crises in Europe have not been resolved yet. So we will maintain the current macroeconomic policy trend, helping increase employment and investment," Yoon said.
Yoon made the remark at the opening of a meeting of senior economic and financial officials just two days before the central bank next reviews its interest rate policy. Analysts have all but abandoned bets on an increase in South Korean interest rates in the first half of the year after the appointment of a pro-government central bank chief and as inflation remains tame, a Reuters poll shows.