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Davos 2014: Tapering effects not all bad - S.Korea CBank

Tuesday, February 04, 2014 - 03:59

Feb. 4 - Bank of Korea Governor Kim Choong-soo says tapering is not only having bad spillover effect, but also positive ones, as it shows the prospect for U.S. economic growth is seen as bright.

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Central frank -- like to worry about inflation growth and exchange rates for the wrong three other things on them on this it tapering tapering. And -- among those waiting to find out exactly what -- Yemen has in mind south Korean Central Bank governor Charles who Kim. You'll thank you -- wrote with us welcome back many -- talking with Royces I -- what is your view on tapering what what should happen when's he gonna happen and how concerned are you by the market's reaction. Where as you know their an opportunity. Two different effects of what tapering particularly on the emerging market economies. Many of the people who are currently concern of all the negatives do we fed off to put -- on English he economies. And of course we -- it depends upon the necklace coming from the meant to resolve the community economies but we know that that -- severity. In what the economies that experienced captain outflow at the taping began. But at the same time I that I than -- that to those those those they posted spillover effect. What I mean is that that the US began to putting. Means that the prospect for economy. -- rules. It is these assist to lead product so a bit of both positive and -- smoothly for -- Silva people let us to sort of. Yeah you'll policy rates -- all the -- inflation's at 1% to less. Sure you're gonna tell us when when it went where when you can be -- Bret -- two to eight. That would an easing would shortly be the next thing on the -- Or it will boost or in that could include immediate and as of now increasingly. Turns out to be who was then along. Target of inflation we are doing in prison targeting and the greens fees. 2.5 to 3.4 life. And these CEO we project to. He for the increase -- to increase by about when you told Ripa yeah. I mean no not not just of 1% or so and it's -- and though little bundle to target but but do the -- -- have. We expect to be in prison to ice blow to a two point 8% which the rules to the range. And regarding the exchange rate I think the movements of fees based committee determined that the market would cease. But. But government authorities including central bank of clues. Do pay attention to -- high -- -- good excuse mentioned previously that needs to be limits in the currency's rise especially the impact it's having on the export market what what -- -- where. That didn't it made me is that the vote of the the size of the opportunities that can be that can be. To a for the next ten. And you know if if liberal activities -- become to be then and their impact on the economy and a lot of negative. You folks who would you wouldn't be me. How much stronger as the one to get before we. -- it as as I said so we've done paid that much attention to the Lebanese fifth. We -- pay attention to do photo opportunities because we want to -- it kept the market and financial markets they work. And so we don't have any specific movement in nine. -- warrior bounce. Competitive devaluation war with Japan. Where -- don't we don't know how grave consequence of these the the competitive -- and wood bring and the so we'd we'd know that we -- and I rely upon competent to good decent to maintain competitiveness. And monetary policies as to not target in threesome. And and I'm -- -- -- not -- exchange rate but when we do that kind of information. Governor many thanks for coming into kids again he was innocent and -- very much.

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Davos 2014: Tapering effects not all bad - S.Korea CBank

Tuesday, February 04, 2014 - 03:59