Press Release No. 18/177

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.”