BOK Chief Sees No Signs of Asset Bubble

  • Arirang News

    December 14, 2010 11:22

    Bank of Korea Governor Kim Choong-soo says that he sees no signs of an asset bubble in the domestic market for now.

    Speaking to foreign reporters at the Seoul Press Center on Monday, the central bank chief said there are no signals at this time that might lead to an asset bubble in the stock or real estate markets. But he added that the BOK is closely monitoring the markets for contingencies.

    Kim's comments follow concerns over rising risks of an asset bubble as the country's interest rates have remained at exceptionally low levels.

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