Bank of Korea Tries to Ensure Soft Landing amid High Economic Uncertainty

South Korea’s central bank governor announced on Tuesday that they would do their best to ensure Korea’s economy with a soft landing even with extreme concerns over internal and external uncertainty.

Governor Rhee Chang-yong also said that the bank will focus on growth and changes in financial and foreign exchange markets while keeping a close eye on monetary policy to maintain inflation.

The BOK will hold a meeting to decide about the first monetary policy of this year on January 13, after a cumulative increase of 275 basis points to 3.25% since August 2021.

The governor said the bank has a proactive policy to maintain market stability when necessary through close communication and cooperation with related authorities.