18 Quotes by Park Seung

We have approached a point where we need to consider a gradual change in monetary policy. We share this view with the Finance Ministry. Monetary policy is based on economic growth, consumer prices and allocation of resources. The perception that the central bank would not raise interest rates had been prevalent, so I needed to send a signal not to shock the markets.

Monetary policy will be based on seeking a balance between growth and stability.

We have to take into consideration the current price stability, but more so for the next six months and for the second half of next year.

The polarization between households and the corporate sector is a phenomenon seen in the course of the economic restructuring process.

We will discuss a raise seriously at next month's meeting,

We see the current situation continuing through the first half of next year.

The recovery has taken a firm root, while demand-side price pressure is growing,

The won is rising too rapidly, compared with other currencies.

Prices will be generally stable, but beginning in the second half, pressures from the cost side will expand. Monetary policy will be made based on seeking a balance between growth and stability.