Kim Choong-soo, the governor of the Bank of Korea, on Thursday added his voice to the growing calls for central banks' singular pursuit of price stability to be reconsidered.

In a speech commemorating the central bank's 60th anniversary, Kim told central bank staff that sticking rigidly to "the old ways of thinking and patterns of behaviour" would inevitably lead to decline. "The crisis has demonstrated [however] that even under low and stable inflation, imbalances such as sharp run-ups in asset