This was to make clearer the Bank's policy stance that it will resolutely continue with powerful monetary easing toward achieving the price stability target (Chart 11).
In the third quarter, GDP growth already increased to 2.3 percent from the 1.9 percent of the second quarter. It is thought that the economy has now bottomed out and moved into a phase of mild recovery. Next year Korea’s GDP growth is expected to rise to 5.2 percent.