South Korea central bank chief says was too optimistic on economic outlook

SEOUL: South Korea's central bank governor said he was too optimistic about the economic outlook in April, when he said the general direction of interest rates would be up should the economy stay to its growth path.

"You can signal a move 23 months prior (to the actual action), but if something unexpected happens in even a month's time that could change policy," said Bank of Korea Governor Lee Ju-yeol to reporters on the sidelines of a forum in Seoul on Wednesday.