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Bank of Korea: Will Assess Future Data to Determine Timing of Rate Cut
BlockBeats News, December 25th. The Bank of Korea announced that it will decide next year whether and when to further cut interest rates based on a comprehensive assessment of future data. The bank stated that due to the high prudence of the domestic and foreign exchange markets, it will strengthen market monitoring activities and actively implement stability measures.
Last month, the Bank of Korea maintained its interest rate for the fourth consecutive time at a policy meeting and hinted that the current rate-cut cycle may be coming to an end as the weakening exchange rate has narrowed the room for further easing. The bank's next meeting will be held in January next year. (FXStreet)
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