Korea's Kim joins push for update to central banks' mandates

kim-choong-soo

Kim Choong-soo, the governor of the Bank of Korea, on Thursday added his voice to the growing calls for central banks' singular pursuit of price stability to be reconsidered.

In a speech commemorating the central bank's 60th anniversary, Kim told central bank staff that sticking rigidly to "the old ways of thinking and patterns of behaviour" would inevitably lead to decline. "The crisis has demonstrated [however] that even under low and stable inflation, imbalances such as sharp run-ups in asset

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: