As the  BIS central bankers’ speeches  5  Canadian recovery has progressed, we have emphasised that we would be prudent with respect to the possible withdrawal of any degree of monetary stimulus. The Bank always takes a flexible approach. Our decisions are guided by considered analysis and informed judgment rather than mechanical rules.
As is clearly illustrated by the GDP growth numbers, the Korean economy has rediscovered its vitality. This is due to hard efforts by all participants in the Korean economy. The foreign currency crisis erupted in part because of some fault lines in the international financial architecture, but in retrospect, the structural problems of the Korean economy were the major cause.