These risks include the following: (1) volatility in world oil prices; (2) a build-up of excess liquidity in the financial system; (3) possible exchange rate volatility due to excess liquidity; and (4) adverse shifts in the public’s inflation expectations.
Dear members of the Bank of Korea, If the various wide range of new operations that we have discussed so far is limited to the purview of only a small number of departments, then we can never achieve the sought-after results.