SEOUL : A South Korean state-run think tank said on Monday that monetary policy needed to be loosened in accordance with the slowing trend in inflation, which has weakened to a near four-year low that is well below the central bank's target. "There is a need to adjust the degree of restrictiveness in monetary policy to prevent inflation from staying below the price stability target of 2 per cent for a long period of time," the Korea Development Institute said in a report. The institute often

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