이주열 "韓경제 회복될 때까지 금리인하 기조 유지"<br /><br />South Korea's central bank chief has vowed to keep pumping stimulus into the COVID-19-hit, trade-reliant economy until some strong signs of recovery are on the horizon.<br />Lee Ju-yeol's pledge to keep pushing stimulus did however come with a warning.<br />Yoon Jung-min reports.<br />Bank of Korea governor Lee Ju-yeol has signaled that the central bank will maintain its current monetary policy approach until the South Korean economy starts recovering from the impact of COVID-19.<br />Marking the 70th anniversary of the establishment of the Bank of Korea on Friday,... Lee touched upon the need for an expansionary approach.<br />"It seems we need an expansionary monetary policy until our economy recovers from the coronavirus crisis. To achieve a stable financial market and credit flow, we should use other policies as well as the rate policy, if needed."<br />The chief also said the coronavirus challenge made the bank think about its fundamental role in the economy.<br />He said the health crisis has brought the central bank a heavier responsibility than at any other time,... because of its impact on the economy right now as well as the changes it will bring to the economy after the pandemic.<br />Lee said the authorities are currently discussing the extent to which the bank's role can be expanded,... saying some people view the central bank as a 'crisis fighter'.<br />The governor added that the bank will work on research and development for a post-coronavirus inflation targeting system,... as well as a central bank digital currency.<br />Lee said the health crisis will bring changes to the future economic structure,... including digitalization.<br />He warned against possible economic polarization caused by the digital economy,... emphasizing the need to prepare for a post-pandemic era led by the private sector.<br />Yoon Jung-min, Arirang News.<br />
