If the virtuous cycle of economic activity is sustained, a view that “around 2 percent inflation will continue with improvements in corporate profits, employment, and wages” will spread widely throughout the country, and a new inflation rate that the general public perceives as representing price stability will take hold.
Bank of Korea  Speech Commemorating the Bank’s 70th Anniversary  2020. 6. 12. Juyeol Lee Governor Bank of Korea  (This is an unofficial translation prepared by the Bank’s staffs based on original speech released on June 12, 2020.) Today  is  the  70th  anniversary  of  the  Bank  of  Korea’s  establishment.