We will need to increase our precision in economic forecasting by expanding the indicators that we use and improving our forecasting models, while also strengthening our analysis of financial stability conditions by improving our methods of financial system risk assessment. And on this foundation, we will have to work to ensure consistency in our policy communication with the public.
4/8  We should pay special attention this year to the stability of our financial and foreign exchange markets. In particular, in conditions where the negative policy rate gap between Korea and the US has widened, any increase in risk aversion among global investors, due for example to the ongoing monetary policy normalization by the Federal Reserve, could cause greater capital flow volatility.