Bank of Korea Governor Shin Hyun-song

Bank of Korea Governor Shin Hyun-song

1. Inflationary pressures on wages and demand side may be stronger than expected during the Monetary Policy Board's May meeting

2. When the story of the big step came out, the market was very difficult. At that time, bond rates and exchange rates rose a lot. When central banks implement monetary policy, they do not hesitate to respond to market conditions and value the underlying flow. To operate policies without being swayed by circumstances

3. Crude oil prices are expected to take some time to normalize. It seems difficult for production to recover to pre-war levels in a short period of time

4. Part of the supplementary budget at the beginning of the year was used for the highest price system and spent as damage subsidies. It did not significantly affect aggregate demand or prices. The fiscal situation is good, and there is little upward pressure on bond rates from fiscal policy

5. Excess tax can be used for debt situations in the short term, but there may be debate about whether it is the most urgent priority. Because the financial situation is so good, some projects have a higher priority than that. From the big picture, it is a great opportunity for the Korean economy to take off