Finance › Speeches › Chang Yong Rhee

Speech - 74th Anniversary of the Bank of Korea

· Chang Yong Rhee, Governor of the Bank of Korea (South Korea)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, public finances and debt

CY
· Chang Yong Rhee Wiki · Bank of Korea WikiSpeech - 74th Anniversary of the Bank of Korea

ContextCommemorative speech in Seoul for the 74th anniversary of the Bank of Korea; the central bank keeps prices and finance stable and faces structural challenges such as ageing.

Why it mattersKorea's governor warns that easing too early could fuel household debt.

Problems raised
  1. Upside inflation risks increased.
  2. Exchange rate volatility is high.
  3. Easing too early could boost household debt.
Solutions proposed
  1. Avoid shifting policy too early.
  2. Watch inflation, currency and debt together.
  3. Keep a cautious stance.
Read full speech on bis.org ↗

More from Chang Yong Rhee · Bank of Korea · all speeches

More speeches by Chang Yong Rhee

Other leaders on monetary policy and interest rates