SEOUL, April 21 (Reuters) - A new member of the South
Korean central bank's policy board said on Friday the economy is
experiencing difficulties after rapid interest rate increases
and needs monetary policy appropriate for the domestic
situation.
"As many economic sectors are experiencing difficulties
because of (rapid rate hikes), and domestic and external
conditions are not easy, monetary policy fit for our situation
is required," Park Chun-sup said in his inaugural speech as a
member of the Bank of Korea's monetary policy board.
(Reporting by Choonsik Yoo; Editing by Jacqueline Wong)
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