Distinguished speakers, participants, and ladies and gentlemen, It is a great pleasure for me to speak at this international seminar hosted jointly by the Bank of Korea and the Daegu-Gyeongbuk Development Institute. I am very grateful to all speakers, particularly those who traveled from abroad to attend this seminar, and President Seong-Keun Lee of the Daegu-Gyeongbuk Development Institute.
My job – in conjunction with the 19 other governors of central banks within the euro area- is to ensure price stability – that is our primary role. But above all, our job is to ensure that monetary policy is implemented smoothly across the entire euro area.