May 17, 2018/IMF
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today:
“I welcome the Korean government’s decision to publish data on foreign exchange intervention. It delivers a strong message about commitment to a flexible exchange rate regime. This will enhance Korea’s inflation targeting regime by strengthening the credibility of the announced monetary policy objective and the anchoring of inflation expectations. A credible commitment to a flexible exchange rate also facilitates external and internal adjustment.”