Bank of Korea: Will assess future data to determine timing of interest rate cuts

On December 25th, the Bank of Korea stated that it will decide whether and when to further cut interest rates next year based on a comprehensive assessment of future data. The bank said that given the high caution in the domestic and foreign exchange markets, it will strengthen market monitoring activities and actively implement stabilization measures. Last month, the Bank of Korea maintained interest rates for the fourth consecutive policy meeting and hinted that the current rate-cutting cycle might be nearing its end, as the weakening of the exchange rate has reduced the room for further easing. The bank’s next meeting will be held in January next year. (Jin10)