Given the forecast that the demand side inflationary pressures will not be high, even though the economy’s solid trend of growth will continue this year as well, it will be desirable to maintain our accommodative monetary policy stance for the time being.
At the same time, we should pay more attention to the possibility that the prolongation of this stance will cause a deepening of our financial imbalances, and the cumulative effects of these imbalances on growth and inflation over the medium- to long-term horizon.