BIS central bankers’ speeches  3  Dear friends and colleagues, There are many tasks to be pursued if we are to realize our vision through actual deeds, rather than seeing it stay as a mere catchword. I would say that the following challenges await those departments with responsibilities related to actual policy.
First of all, a new monetary policy paradigm appropriate to global financial and economic conditions previously mentioned and to the changing role of the central banks must be sought out. The conduct of policies based on their relevance to the Korean economy, while at the same time accurately charting the ebbs and flows of the world economy, is called for.