Let's build upon the achievements of our predecessors and create a new tradition to elevate the status of the Bank of Korea. I specifically would like to encourage our younger employees to be at the forefront of this transformation. I've heard that these days younger people often ask, "Why?" or, "Me?" or, "Now?" when assigned a task.
It projects that the euro area will grow by 0.9% in 2023 und by 1.5% in 2024. As for the inflation rate, according to flash estimates the HICP rate fell markedly to 6.1% in May, while the core rate dropped slightly to 5.3%. The Eurosystem staff project that the annual inflation rate will decline to 5.4% in 2023 and to 3.0% in 2024.