With regard to other macroeconomic and financial conditions, however, 2022 and 2013 are studies in contrast. AEs are struggling with inflation at multi-decadal/record highs this year. In several EMEs too, inflation is way above targets, prompting them to be first movers in raising policy rates, with AEs following this time around.
Juyeol Lee: 69th anniversary of the Bank of Korea Speech by Mr Juyeol Lee, Governor of the Bank of Korea, at the commemorating ceremony of the Bank of Korea's 69th anniversary, Seoul, 12 June 2019. * * * (This is an unofficial translation prepared by the Bank’s staffs based on original speech released on June 12, 2019.)