As long as the February visit through "consumption, lower than expected in January as sentiment."

[Korea financial newspaper Choice reporters] The Bank of Korea 23 days when 'compared with one prospect month from the announcement of February monetary policy direction DECISION consumption is slightly below the expected level of sentiment persists, and exports and capex global economic recovery thanks to the improved outlook is expected to be "he said.

Day, the Bank of Korea Monetary Policy Committee has 23 days Me the benchmark interest rate 1.25% 8 months current year freeze.

The Bank of Korea (BOK) 'consumer price inflation for the time being as a whole, including the annual level fluctuations hageteuna concentrated aquatic prices steady recovery in close to 2% is not expected to deviate significantly from the January forecast level (1.8%) and predicted.

In addition the Bank of Korea said that "inflationary pressures from the demand side is therefore expected to be minimal, we will maintain the easing of monetary policy.

The Bank of Korea said it "will continue to examine closely the uncertainty and the impact of internal and external conditions, the Fed's monetary policy normalization trends, such as rising household debt.

Then in February 2017, as long as the MPC monetary policy direction DECISION professional.

Monetary Policy Committee to keep the benchmark interest rate by the Bank of Korea following the Monetary Policy Direction gyeoljeongsi at the current level (1.25%) agreed to operate monetary policy.

The world economy was sustained recovery in the movement that is expanding. International financial markets showed a largely stable state such that even the reduced volatility of the share price rise followed jimyeonseo. The future recovery of the world economy is likely to be affected by the policy direction of the new government and the Fed to normalize monetary policy rate, trade protectionism spreading movement, the euro zone and political uncertainties in the United States.

The domestic economy is recovering domestic demand is weak, but is expected to slow consumption yieogan a moderate growth as exports improve. Employment situation was such that sluggish employment growth is not slowing the decline in the service sector is expanding in manufacturing. Forward domestic economy is expected to continue modest growth, growth is expected to flow generally consistent with the expected route in January. Compared with July 1 forecast, consumption is slightly below the expected level of such sentiment persists, and exports and facility investment is expected to be better than expected thanks to the global economic recovery.

CPI inflation has been extended to the inflation target in such a concentrated and rising petroleum prices fishery 2%. Core inflation rate (excluding food and energy index) was maintained with 1% for mid-to-late the public expected inflation rate rose to 2% in the second half. Consumer price inflation has fluctuated in the meantime hageteuna close to the 2% level, the whole year, including stable recovery of enriched Seafood prices are not expected to deviate significantly from the January forecast level (1.8%). Core inflation rate is expected to continue for the mid to late 1%.

As the financial markets continued to stabilize the international financial market has reduced the volatility of stock prices and long-term market interest rates. Won / dollar exchange rate fell sharply in transition, such as the weak dollar exchange rate policies of the new government of the United States. Following the increase in household loans jyeoteuna downsizing movement, if the bank's non-banking was continued high growth. House prices showed a flat in both metropolitan and provincial.

The Monetary Policy Committee is to note that financial stability is to be led growth recovery in the medium term future stability in the inflation target level clock will continue to operate monetary policy. Since the growth of the domestic economy is gradually expected to be minimal inflationary pressures from the demand side will continue maintaining the easing of monetary policy. Uncertainty and the impact of internal and external conditions in the process, will continue to closely examine the Fed's monetary policy normalization trends, such as rising household debt.

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