South Korea's central bank has decided to keep interest rates unchanged for the fourth consecutive meeting, indicating a cautious approach amid a volatile foreign exchange market. The bank emphasized that it will evaluate future economic data in 2025 to determine the necessity of further rate cuts, as a weaker won constrains its monetary policy options.
The central bank also reaffirmed its dedication to enhancing financial oversight and ensuring market stability, with a focus on Countering the Financing of Terrorism. The next policy meeting is scheduled for January, where further assessments will be made.
South Korea's Central Bank Maintains Rates, Eyes Future Data for Cuts
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
