Statement by IMF Managing Director Christine Lagarde on the Korean Government’s Decision to Disclose Information on Foreign Exchange Intervention
May 17, 2018
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.”
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Ting Yan
Phone: +1 202 623-7100Email: MEDIA@IMF.org
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
