BoK’s Shin: Stronger Growth Sentiment And Inflationary Pressure Than In August Require Maintaining Current Restrictive Stance

Will Respond Until Inflationary Pressure Stabilises At Target - Lower Import Costs Seen Improving Korean Consumers Purchasing Power; Recent Won Strength Seen Helping Consumption - Won Remains Weak Against Dollar In Historical And Real Effective Terms - Stronger Won Helps Ease Economic Inequality - Predictability Important For FX Market; BoK Always Strives To Earn Market Participants Trust