SEOUL, June 12 : South Korea's central bank governor said on Friday it was necessary to raise interest rates "on time" as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. "Monetary policy often faces trade-offs between policy variables, but such trade-offs are not huge at this time. Therefore, it is necessary to raise interest rates on time with a focus on price stability," Bank of Korea Governor Shin Hyun-

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