Taking this opportunity, I would like to express my gratitude to my predecessor Governor Choongsoo Kim, for his leadership at the Bank of Korea over the past four years. I would like to ask Governor Kim for his unstinting guidance and support, for the development of our national economy and the Bank. Dear Bank of Korea colleagues!
Policy consistency, coordination and sequencing are essential requisites for policy success. The macroeconomic proposals outlined in the new growth path should be seen in this context.