Credit Suisse Group economist Joseph · Lao recently said that with the Korea economic rebound and foreign capital inflow this year won against dollar is expected to continue to rise, but the year is unlikely to break the 1 KRW 1000 dollars.
According to associated press 20, Korea, Switzerland economist Joseph · Lao recently interviewed said that Korea enterprise to maintain good balance status, assets valuation relative reasonable even underestimate, in the short term, a net inflow of funds will remain. However, he pointed out that, in spite of these factors will contribute to the continuing appreciation of the won, but the year won 1 Exchange rate does not break the KRW 1000 dollars.
Reported by the financial crisis, in 2008 won against dollar fell 25.7% as was the worst one of currencies. But with the international financial market stabilized, Korea under the export-led economy rebounded, Korea this year is expected to remain current account surplus. Affected by this, the exchange rate rose 2009 won 8.16%. 11 January this year, won the exchange rate rose to 1 dollars 1119.80 that 16 months to the highest level.
Joseph · Lao is expected this year, Korea's economic growth rate will exceed 5%. However, recently the Korea official on the economic situation remains cautious, and indicated that it would continue to maintain a loose monetary policy. Korea Korea Bank Central Bank money in January 8, the Commission decided to continue the benchmark interest rate at 2%.
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