Bank of Korea added that trade uncertainty, Middle East tensions, and semiconductor sector momentum will influence growth going forward.
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Bank of Korea projected that growth is likely to remain below 2% this year.
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Bank of Korea stated it will closely review both domestic and external conditions, including developments in the Middle East.
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Bank of Korea noted that escalating tensions in the Middle East could weigh on economic growth prospects.
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Bank of Korea said the Friday policy rate decision was taken unanimously.
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2-year JGB yield increases 1.0 bps, reaching 1.395%
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S. Korea, Finland seek ways to boost cooperation in supply chains, advanced industries-YONHAP
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10-year Japanese government bond yield climbs 3.0 basis points to 2.420%
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The Israeli prime minister said he had approved direct negotiations with Lebanon ‘as soon as possible’ following pressure from US President Donald Trump to curb Israel’s bombardment of the Arab state-FT
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China’s factory-gate prices rise for first time in 3 years as Iran war bites-scmp
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Thailand seizes US$260 million from scammers in ‘decisive’ crackdown-scmp
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OpenAI’s Stargate program exec Peter Hoeschele exits firm – The Information reports
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Japan watchdog probes private debt exposure amid U.S. risk concerns-kyodo
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Japan, Poland leaders look to hold talks next week with Ukraine on agenda-kyodo
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Bessent called in US bank CEOs to discuss Anthropic model’s cyber risks-ft
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Warsh’s Federal Reserve confirmation effort hits snag after expected hearing delay – CNBC
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Committee hasn’t received required documents in time to schedule Warsh nomination hearing – CNBC
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Second batch of ultra-long special treasury bonds issued by China’s state planner
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Bank of Korea Governor Rhee Chang-yong says the Iran war’s impact on South Korea’s economy outweighs that of the war in Ukraine
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BOK Governor Rhee says policymakers are on a wait-and-see footing due to the volatility of the Middle East situation
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Indonesia currency weakens to record low of 17,110 per USD
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