South Korea's central bank warned that the domestic financial market will face increasing volatility, citing uncertainties around the United States Federal Reserve's monetary policy and geopolitical risks, Yonhap reported.
"The Fed's meeting generally aligned with market expectations, but Powell noted that the economy is facing uncertainty and policy changes will influence the future monetary path. External uncertainties are expected to persist, given February's monetary policy, the U.S. tariff plans and geopolitical risks surrounding the Russia-Ukraine war," Bank of Korea (BOK) Deputy Governor Ryoo Sang-dai said.
"These external risk factors, along with domestic political and economic situations, could lead to greater volatility in the domestic financial and foreign exchange markets. We will remain vigilant and closely monitor the markets," he added.
