Bank of Korea senior official:
- Does not hold view that monetary tightening is over
- It is still too early to be relaxed over inflation
BoK statement:
- Early shift in domestic monetary policy may add pressure on local currency
- Recently increased volatility in local currency higher than past, other currencies
- Monetary policy should consider inflation, financial imbalance, foreign exchange, credit crunch risks
- Degree of policy tightening has lessened significantly this year
