previous quarter. The Monetary Policy Committee (MPC) decided to keep the policy interest rate unchanged at 1.50 percent as it considered that the current accommodative monetary policy stance remained
accumulation of household debt. Therefore, the MPC viewed that the current accommodative monetary policy stance remained appropriate as it would contribute to the continuation of economic growth and correspond
-based growth in household purchasing power. At the same time, inflation remains subdued though it is expected to slowly rise. In this regard, the MPC judged that accommodative monetary policy stance would
overall financial conditions remained accommodative to economic expansion, with high liquidity in the financial system and low government bond yields and effective interest rates. Although the movement of
should continue to be accommodative so that the economic growth could continue and translate into the strengthening of domestic demand. Notwithstanding this, there are pockets of risks, such as debt
) retained the policy interest rate at 1.75 percent, with a view that the accommodative monetary policy would contribute to the continuation of economic growth and achievement of the inflation target. However
interest rate unchanged at 1.50 percent as it viewed that the current accommodative policy stance is still needed to strengthen the continuation of growth in domestic demand and support the rise of headline
. Headline inflation was expected to fall below the lower limit of the inflation target. Therefore, the accommodative monetary policy will help meet the inflation target and support economic growth amidst
several Asian central banks gradually signaled a more accommodative stance while also cutting their policy rates. Such moves were meant to forestall downside risks amid global economic headwinds while also
from 1.0 percent in 2019. Private consumption will likely remain subdued from the elevated household debt. Fiscal stimulus, an accommodative monetary stance and clarity in the government’s implementation