If we do not properly manage our IT system, security and legal risks, the Bank of Korea’s external reputation can be greatly damaged. Before any adverse incident occurs there is a tendency for small problems to gradually appear that provide us with forewarnings.
The Bank has engaged in a wide range of efforts – from implementing the zero interest rate policy and the quantitative easing policy, to pursuing monetary easing consisting of comprehensive monetary easing, ensuring financial market stability, and providing support to strengthen the foundations for economic growth in more recent years – but fallen short of overcoming deflation.