다음은 9일 한국은행이 발표한 '통화정책방향' 영어전문입니다.
Monetary Policy Decision
The Monetary Policy Committee of the Bank of Korea decided today to maintain the Base Rate at its current level (2.00%) for the intermeeting period.
In the global economy, emerging market economies have shown favorable performances, and the trend of improvement in the economies of major advanced countries, such as the US and Japan, has gathered pace to some degree. However, there are latent risk factors present, including the government debt problems in some European countries.
Domestic economic activity has sustained a trend of recovery. Even though construction investment has been somewhat inactive, exports have shown buoyancy, and consumption and facilities investment have steadily increased.
This recovery trend is expected to be maintained. Considering the overseas risk factors, however, there still remains uncertainty as to the economic growth path.
Consumer price inflation has decelerated, led by the prices of services, and is anticipated to be stable for some time. In the real estate market, the upward trend of prices has been blunted, with transactions remaining inactive.
In the financial markets, with the expansion in inflows of foreign portfolio investment funds, stock prices have risen, and long-term and short-term market interest rates have decreased. The scale of the increase in mortgage lending has widened slightly due to the decline in lending interest rates, and the increase in the numbers of newly occupied and lotting-out apartments.
Looking ahead, the Committee will maintain the accommodative policy stance for the time being in such a way as to help sustain the trend of recovery in economic activity, taking into overall consideration financial and economic conditions domestically and abroad.
