Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with a group of market experts and officials from related organizations on September 24. At the meeting, participants discussed current economic and financial market situations amid the shift in global monetary policy stances and policy directions moving forward. Speaking about the effects of monetary policy shifts taking place in major economies, Vice Chairman Kim said that interest rate cuts may bring about positive effects, such as facilitating economic recovery, boosting consumption, and expanding investments, but that there are also risks, such as liquidity growth and leverage expansion. In this regard, Vice Chairman Kim said that the government will strengthen macroprudential management and work to increase funding flow into productive sectors, while making consistent efforts to ensure market stability.
Vice Chairman holds meeting on financial market conditions and policy direction forwardSep 24, 2024