Lee Il-houng

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Last quote by Lee Il-houng

The increasing debt in South Korea after the last global financial crisis is, along with income imbalances, constraining our consumption. In this situation, growing debt without resolving structural problems can threaten financial stability. When people are trying to increase their savings because of worries over their future, and you lower interest rates, that effect on consumption is not going to be very visible.feedback
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Feb 01 2017 South Korea
Lee Il-houng has most recently been quoted in an article called S.Korea c.bank board member warns against debt, ineffective monetary policy. Lee Il-houng said, “The increasing debt in South Korea after the last global financial crisis is, along with income imbalances, constraining our consumption. In this situation, growing debt without resolving structural problems can threaten financial stability. When people are trying to increase their savings because of worries over their future, and you lower interest rates, that effect on consumption is not going to be very visible.”.
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