SEOUL (Reuters). South Korea’s central bank chief and finance minister agreed Monday to strengthen policy coordination for fighting financial market instability and inflation, they cited them as the greatest current threats facing the economy.

A joint statement by the Bank of Korea and Finance Minister Choo Kyungho added that Rhee Chung-yong, Bank of Korea Governor, agreed that growth in Asia’s fourth-largest country is at risk.

Two of the most important economic policymakers in the country met on Monday, one month after they took office. It was a followup to their Friday attendance at a President Yoon Suk-yeol hosted meeting.

However, the statement didn’t provide any additional comments about specific asset types or indicators.