BoK to review use of dot plot it debuted this year – Shin
Governor aims to find forward guidance ‘sweet spot’ and says any review will wait until at least next year
The Bank of Korea will have a “good review” of its monetary policy forward guidance dot plot, its governor said today (October 13), during an event at which he also said inflation would remain too high for some time.
Hyun Song Shin said the BoK’s “K dot plot”, which it debuted in February, had proved useful for monetary policy communications. Speaking at the International Monetary Fund’s annual meetings in Bangkok, he said that although forward guidance based on specific estimates of future
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