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[SEOUL] South Korea's central bank chief said on Tuesday that the economy is not in deflation, but rather is going through a state of prolonged low price pressures and growth.
Bank of Korea Governor Lee Ju-yeol made the comments to lawmakers during a parliamentary audit.
When asked by a lawmaker whether he believed monetary policy had much effect in boosting economic growth, Bank of Korea Governor Lee Ju-yeol said the expected effects are weak. - Reuters