Glonghui, September 12 | Bank of Korea Policy Commissioner Huang Kun-il said that economic growth and financial stability are key factors the Monetary Policy Committee considers when deciding on the timing and pace of interest rate cuts. “We should simultaneously consider the impact of interest rate cuts on growth and financial stability,” Huang said in a quarterly policy report released on Thursday. He said that the slowdown in domestic demand has increased the need to take countermeasures in advance, but the level of household debt has reached the point where it poses financial risks. He added that an appropriate mix between fiscal policy and macroprudential regulation is needed to minimize the trade-off between the two policy goals.
韩国央行委员：经济增长和金融稳定是降息决策考量的关键因素
South Korea central bank committee member: Economic growth and financial stability are key factors in interest rate decision-making.
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