BoK governor highlights difficulty in forward guidance

Changyong Rhee Asian Development Bank Chief Economist
Rhee Chang-yong

Bank of Korea governor Rhee Chang-yong said external factors such as a sharp depreciation of the won due to aggressive US monetary tightening has made issuing forward guidance difficult.

“I’ve learned that communication with the public is not easy when transitioning from the traditional strategic ambiguity to forward guidance,” Rhee told an audience at the Peterson Institute for International Economics in Washington DC on October 15.

The South Korean central bank delivered its second-ever 50

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.