SEOUL, March 7 (Reuters) - Bank of Korea Governor Rhee
Chang-yong on Tuesday said interest rate difference with the
United States is only one of many factors affecting the foreign
exchange rate, and that recent won weakness was due to dollar
strength rather than a rate hold by the central bank.
Rhee said the Bank of Korea would discuss rate cuts after
the inflation rate falls to the 3% level by the end of this
year, providing confirmation that it is converging to the
central bank's 2% target.
(Reporting by Jihoon Lee; Editing by Christopher Cushing)
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