韩国央行：2025年韩国宏观审慎政策的有效性及其与货币政策的最优政策组合分析报告（英文版）

In such circumstances, interest rate cuts aimed at mitigating the economic slowdown could further increase the financial stability risk. Consequently, monetary policy alone cannot simultaneously achieve both macroeconomic and financial stability, making close coordination with macroprudential policy more necessary. This paper presents an effective policy mix of monetary and macroprudential policies in the context where the trade-off between economic

growth and financial stability has in