This lack of trust is evident both between participants in the market and, at least as importantly, between the public and the market. The market needs to move toward a more favourable and desirable location, and allow participants to have much greater confidence that the market is functioning appropriately. A well-functioning foreign exchange market is very much in the interest of all market participants.
Dear fellow members of the Bank of Korea! The unprecedentedly bold economic stimulus measures by the policy authorities of major economies including Korea were a great help in overcoming a sudden crisis that hit without warning. They contributed significantly to mitigating instability in employment and income by preventing severe economic contraction.