We have to take into consideration the current price stability, but more so for the next six months and for the second half of next year.
"Park Seung" was the Governor of the Bank of Korea; his four-year term ended on the 31st of March 2006. He kept South Korean interest rates at historic lows but was blamed for contributing to a real-estate market that saw spiralling prices and controversial accusations of speculation.
More Park Seung on Wikipedia.The balance can change into 55-45 between economic growth and inflation, from 50-50.
We see the current situation continuing through the first half of next year.
The economy is on a downward trend overall as consumption, investment and construction all remain in a slump, while exports are showing slowing growth.
The recovery has taken a firm root, while demand-side price pressure is growing.
The current level of reserves is not worrisome. But we don't need to build up more.
The polarization between households and the corporate sector is a phenomenon seen in the course of the economic restructuring process.
The economy is showing clear signs of recovery, in terms of production, exports and consumption.
We will discuss a raise seriously at next month's meeting.
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