Korean Won Weakens on Cautious Policy Signal
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The South Korean won weakened to 1,451 due to cautious signals from the Bank of Korea's 2026 policy framework. The bank indicated that further easing depends on inflation, growth, and financial stability, suggesting the 2.5% policy rate may persist. Persistent currency weakness raises import costs and inflation, with 2024 inflation forecasted at 2.0%. The BOK plans to manage exchange-rate risks by enhancing FX market operations and attracting foreign investors.
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