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Bank of Korea Governor Shin Hyun-song said that further appreciation of the won would benefit the economy. The Bank of Korea will maintain restrictive monetary policy until it confirms that inflation has returned to the target in a timely manner.
The Bank of Korea Governor stated that there is currently no need to cut interest rates, and the impact of the AI AI boom on the neutral rate remains to be seen. Inflation is forecast at 2.2%this year and is expected to decline next year, while the Korean won may appreciate further.
Bank of Korea Governor Shin Hyun-song said that the inflation trend is the most important consideration in monetary policy decisions, emphasizing the pressure high interest rates place on low-income groups, vulnerable borrowers, businesses, and households.
Bank of Korea Governor Shin Hyun-song acknowledged that insufficient warnings had been issued about the risks of single-stock leverage ETF and said that the previous assessment of its role in directing funds was inappropriate.
South Korea’s central bank announced the launch of an all-hours won settlement pilot for foreign investors, with full operations planned for 2027 year January with the aim of enhancing the won’s international standing.