However, it is difficult to say anymore at this juncture that we are preemptively adjusting the degree of accommodation, since inflation has now exceeded 5 percent, and major central banks are reacting to inflation by normalizing their monetary policy rapidly and aggressively.
We need to conduct monetary policy with finesse so that we can make the most of our advantage as an early starter and not miss the right time to act. Rate hikes may increase difficulties for vulnerable groups in the short term, but if we get the timing wrong and inflation broadens further, the damage would be even greater.