The Bank’s analytical capabilities should be enhanced, so that its research output is actively sought after in the formulation of not just our own monetary policy, but also the government’s policies. We must bear in mind that the quality of a country’s policy-making depends to a large degree upon the stature of its central bank as a storehouse of reliable information.
My dear colleagues, Korea is recognized as one of the economies that have been the fastest to recover from the global financial crisis among OECD member countries. Let me emphasize once again that the Bank of Korea has made a great contribution to this achievement.