Bank of Korea Governor Lee Ju-yeol said “the trend of growth is likely to be stronger than previously projected.” Nevertheless, “because real economic activity hasn’t returned to its potential level, and as the economy isn’t fully back on its feet from the shocks of COVID-19, our assessment is that the situation doesn’t warrant adjustments in policy stance.”
“It would be an important task to prepare in advance how we should normalize easing measures taken until now in an orderly fashion, if growth and inflation conditions improve,” Lee said.
