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Korea's Seong-Tae Lee on monetary policy

In the speech 'Monetary policy in an environment of low inflation' given on 16 June Seong-Tae Lee of the Bank of Korea said the emergence of global low inflation is of course a welcome phenomenon for central banks, for whom price stability is the top priority.

At the same time, however, it imposes upon them a new set of tasks. Above all, if monetary policy is conducted solely with an eye focused on price stability, factors representing threats to the stability of the whole economy could be

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