And [South Korea financial newspaper Choice reporters] jodongcheol Bank of Korea Monetary Policy Committee (photo) is 29 days, which caused the interest rates than the US rate hike itself backdrop that is, economic growth and the inflation rate rises through export and exchange rates analyze the impact on the country said that the game will have to perform monetary policy.
Wednesday jodongcheol committee at the Bank of Korea allowed the press conference was "The United States will determine the US monetary policy on the basis of the US macroeconomic situation, we are determined independently of our monetary policy based on our macroeconomic situation" he said said, "If we macroeconomic conditions are different from the United States and developing our monetary policy will likely take place in the United States and other appearance is enough."
Neutral interest rates, namely viscosity suggests that the theoretical level of interest rates is leading to falling levels of potential growth without inflation or persistent downward pressure.
Jodongcheol members, as well as long-term interest rates are determined in the market interest rate of the monetary authorities geotyiji one showed a downward trend monetary policy to adapt to market changes is not a monetary policy leading the downward trend in market interest rates ', saying' falling interest rates the trend reflects a fundamental change in the market that the rapid accumulation of capital through time low fertility and aging potential growth rate decline occurred as progress, he said.
Jodongcheol Commissioner, unlike the growth potential and the neutral interest rate, inflation can be directly observed, said "the key macroeconomic coordinates the basic frame of a transparent and consistent call from that escalating the situation Policy uncertainties about the same as the potential growth rate and the neutral interest rate usefulness of the inflation targeting framework has provided the judge is stressed that "there growing.
Structural reforms have also been reiterated. Concessions jodongcheol Commissioner Economic Zone (vested interests) in order to "improve productivity, said" it is difficult to expect a growth recovery through rapid accumulation of capital while witnessing such excess capacity in many process industries as well as capital jangbiyul Statistics reached the advanced level "to said essential 'reform, which involves a waiver.
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