Bank of Korea: Will assess future data to decide on the timing of interest rate cuts

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 indicated 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 kept the interest rate unchanged for the fourth consecutive time at its policy meeting and hinted that the current rate-cutting cycle may be nearing its end, as the weakening exchange rate has reduced the space for further easing. The bank's next meeting will be held in January next year.