Arab Today, arab today south korea stresses role of central bank
Last Updated : GMT 17:52:54
Arab Today, arab today
Arab Today, arab today

South Korea stresses role of central bank

Arab Today, arab today

Arab Today, arab today South Korea stresses role of central bank

Central bank of South Korea
Seoul - AFP

South Korea's top central banker on Monday stressed a rising role of central banks to achieve sustainable growth following the global financial crisis, heralding a gradual pace of rate hikes.
"After having gone through the financial crisis, expectations escalated among the general public for the proactive role of the central bank in pursuing not just its primary mandate of price stability, but also for financial stability and sustainable growth, " Bank of Korea (BOK) Governor Lee Ju-yeol said in an opening speech for a conference held in the BOK headquarters.
As sustainable growth cannot be achieved without financial stability, the central bank has accordingly become an integral part of macro-prudential policy frameworks in most major economies, Lee said.
His comments can be seen as a signal of hiking the policy rate at a gradual manner as expectations mounted for the rate hike as early as later this year.
On May 4, Lee made his hawkish remarks, saying that the future direction of the policy rate looked hard to go downward given the expected growth rate of 4 percent in 2014.
According to the BOK minutes for the April 10 policy meeting, one monetary policymaker said the BOK needs to prepare for future rate hikes to normalize the policy rate at an appropriate time when the economic recovery is visible.
South Korea's policy rate has been anchored at 2.5 percent since May 2013 when the central bank lowered borrowing costs by 25 basis points.
Governor Lee stressed the need to seek solutions to more fundamental problems that could stand in the way of sustainable growth such as population aging and global imbalances, according to the pre-released speech.
Population aging, which is proceeding at a rapid pace around the world, will likely weaken the growth potential through the reduced share of the economically active population, languid investment and the erosion of fiscal soundness, Lee said.
To resolve the global imbalances, which caused the global financial crisis, efforts should be kept up for structural reform at the individual-country level and international cooperation and policy harmonization will be needed, Lee said.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea stresses role of central bank Arab Today, arab today south korea stresses role of central bank

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday