In the course of conducting monetary policy, particular attention will be paid to alleviating potential risk factors including household debt so as to ensure the stability of the financial markets. From the start of next year, the revised Bank of Korea Act will come into effect, substantially increasing the Bank of Korea’s powers and its degree of independence.
You have heard from President Jeff Lacker of the Richmond Fed, which has its Charlotte Branch over on East Trade Street, as well as Presidents Richard Fisher of Dallas and Dennis Lockhart of Atlanta. So I am pleased to have been included among your distinguished guests.