Most board members of the Bank of Korea continued to echo concerns about a weaker won fueling financial market instability, minutes of the bank's previous meeting showed on Tuesday, signaling a prolonged pause in its easing cycle.
The bank's monetary policy board on January 15 voted to keep the benchmark interest rate (KROCRT=ECI), opens new tab unchanged at 2.50%, prioritising financial stability in its first policy meeting of the year, as policymakers navigate currency market volatility and risks from swelling household debt.
