Seongtae Lee: Recognizing and coping with macroeconomic model uncertainty in designing monetary policy Opening address by Mr Seongtae Lee, Governor and Chairman of the Bank of Korea, at the The Bank of Korea International Conference 2008, Seoul, 26 May 2008. *  *  *  Ladies and gentlemen, I am indeed delighted to be hosting the Bank of Korea International Conference 2008.
*  *  *  Can we have confidence in the growth in the euro area? Yes. Growth has returned and the unemployment rate is falling in the euro area. We can trust in the euro to protect us in an international environment where major emerging economies are experiencing a slowdown and financial markets are very volatile.