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.”

“The current level of reserves is not worrisome. But we dont need to build up more.”

“The balance can change into 55-45 between economic growth and inflation, from 50-50,”

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

“We will discuss a raise seriously at next months meeting,”

“The economy is on a downward trend overall as consumption, investment and construction all remain in a slump, while exports are showing slowing growth,”

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

“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.”

“The economy is showing clear signs of recovery, in terms of production, exports and consumption.”