(MENAFN- The Peninsula) South Korea's central bank governor flagged downward revisions to forecasts for inflation and economic growth, raising expectations of an imminent interest rate cut after the bank opted to hold the policy rate steady.
Governor Lee Ju-yeol described fears voiced over deflation risks as "excessive", and said the economy was being held back by structural issues despite efforts by the central bank and government to boost growth. The Bank of Korea's monetary policy committee held its base rate steady at 2.00 percent, as forecast by
30 out 31 analysts polled. A majority of analysts expected a rate cut in early 2015
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