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...
South Korea's central bank cut its benchmark interest rate by 25 basis points on Tuesday, aligning with market expectations.The Bank of Korea (BOK) slashed the rate from 3% to 2.75%, its lowest since August 2022, in hopes of stimulating a slowing economy. The country's GDP growth in the fourth...
South Korea's Bank of Korea (BOK) kept its benchmark interest rate unchanged at 3% on Thursday, defying market expectations.
The bank's decision came after it trimmed its key rate for two months in a row, both times by 25 basis points. The first cut was widely anticipated, but the second slash...
Bank of Korea (BOK) Governor Rhee Chang-yong said Tuesday that the Korean won is unlikely to return to past levels "for some time" amid the political crisis."It would be difficult to return to the levels seen in the past for some time," Rhee told lawmakers during a parliamentary strategy and finance...
The Bank of Japan (BoJ) issued a statement on Wednesday announcing that its Governor Kazuo Ueda will meet with his counterparts from the People's Bank of China (PBoC) and Bank of Korea (BoK), Pan Gongsheng and Rhee Chang-yong, respectively.Their encounter will be held in China on October...
South Korea imposed sanctions on 11 vessels and five individuals engaged in illegal ship-to-ship deliveries of oil and various other products to North Korea, Seoul's Ministry of Foreign Affairs stated.
The ships are suspected of procuring refined oil and coal to North Korea and otherwise engaging in...
South Korea's Bank of Korea (BOK) decided to keep the key interest rate unchanged at 3.5% on Thursday ending the cycle of 10-month long hikes, while the country's economic growth is expected to slow further as a result of global factors. According to the central bank, the gross domestic product...
Bank of Korea (BoK) Governor Rhee Chang-yon stated Tuesday that the institution will make every effort to coordinate its policy with the government in order to ensure a soft landing of the economy.
"The Bank of Korea, together with the government, will do its best in making sophisticated policy...
Bank of Korea's Deputy Governor Lee Hwan-seok warned on Wednesday that South Korea's annual inflation rate would remain elevated in the 5-6% range for a "considerable time," primarily due to rising energy prices prompted by the war in Ukraine.
The latest data from Statistics Korea...
The Bank of Korea (BoK) announced on Thursday it has decided to raise its key interest rate by a quarter-percentage point to 2.5%, with its board estimating more hikes will be needed in the future to combat the ongoing rising trend in inflation.
Speaking about his expectations on inflation,...
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