Based on this, the Bank has set a price stability target of 2 percent and conducts monetary policy with the aim of creating a virtuous cycle in the economy in which the inflation rate rises moderately along with increases in corporate profits, employment, and wages.
While the government's growth strategy and flexible fiscal policy should provide strong support to achieve such sustainable economic growth, the Bank's stance to fulfill its role and do its utmost to achieve the price stability target has remained and will remain unchanged. Of course, as experience shows, the economic and price situation can change as a result of a range of factors.