Reported about 17 hours ago
Bank of Korea Governor Rhee Chang-yong reassured that the central bank is unlikely to cut interest rates, downplaying the political chaos following President Yoon Suk Yeol's martial law decision. Rhee emphasized the importance of focusing on economic fundamentals despite the ongoing political crisis and expressed confidence in the government’s ability to manage the situation. He suggested that risks could increase if political instability is not effectively handled, but remained optimistic about the economy's resilience.
Source: YAHOO