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.)
In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, we will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.