The BOK “Keep Monetary Policy Ease Next Year”
The Bank of Korea announced that it will support the recovery of economic growth and maintain a easing monetary policy stance next year to the extent that inflation can stabilize at the target level.
The BOK made this statement in the direction of the 2021 monetary credit policy operation announced today (25th), and explained that it would be more cautious of the risk of financial imbalances such as an inflow of funds from the asset market or increase in private debt.
In addition, household loans will increase in scale from this year due to the government’s tightening regulations on loans, but it is predicted that there is a possibility of surpassing previous levels as the inflow of funds into the housing market continues for the time being.
Yonhap News TV article inquiries and reports: katok/line jebo23
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