The South Korean won stabilized at around 1,465 per dollar as investors focused on the upcoming Bank of Korea monetary policy decision later this week. During its November meeting, the central bank surprised the market by lowering its base rate by 25 basis points to 3%, marking a second consecutive rate cut. This brought borrowing costs to its lowest level since October 2022, driven by slowing inflation, easing household debt, and subdued economic growth. Meanwhile, South Korea's acting president recently pledged comprehensive efforts to stabilize the economy amidst a political crisis, emphasizing round-the-clock monitoring of financial markets for timely intervention. Furthermore, the government, in collaboration with the ruling People Power Party, announced proactive measures to strengthen trade relations with the US and mitigate potential risks posed by the Trump administration's policies.
You are viewing a single comment's thread from: