The Bank of Korea said that the future policy of the bank will focus on the stability in inflation rates over the medium term with determining an appropriate inflation target, as well as work to support economic growth.

The central bank's officials will monitor the inflation expectations in addition to the downside risks for growth in the South Korean economy at the local level and internationally. The central bank will put a new target for inflation at the beginning of 2013, in agreement with the Korean government, after the inflation target in Korea stabilized between 2% and 4% for three years.

The Bank of Korea indicated also in his statement that they expected the global economy to recover, despite the continuing threat of European debt crisis and instability in the Middle East, where high risk will continue for the Korean economy as a result of external risk.