Bank of Korea to Maintain Close Watch on Financial Markets and Emerging Risks

Deep News07-30 09:40

The Bank of Korea's Deputy Governor, Park Jong Woo, stated in a Thursday announcement that the central bank will persistently keep a close eye on domestic and international risk factors, along with their potential repercussions for South Korea's financial and economic landscape.

This decision comes as unease within South Korea's domestic financial markets has intensified. The heightened anxiety is driven by growing concerns over a potential slowdown in artificial intelligence-related investments, coupled with rising uncertainty surrounding the US Federal Reserve's monetary policy course and the volatile situation in the Middle East.

Park made these remarks during a session to evaluate the financial market situation, which was convened immediately following the Federal Reserve's decision to maintain its current interest rates.

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