Fisher Capital Mananagement Boiler Room News Upd

South Korea: Fisher Capital Management Seoul - The South Korean economy is expected to grow by 4-5% in 2010. The government's efforts were seriously questioned when it clipped the independence of the central bank when the government sent its observers to the central bank's policy meetings.

However, the central bank will start raising interest rates in the third quarter to prevent inflation and asset bubbles. For the time being inflation is stable. It fell from 3.1% in January to 2.7% in February, but inflation will accelerate in the second half due to higher oil prices and rising imports. This should see policy interest rates
to go up by 25 basis points in the third quarter and another 25 basis points in December.