Seoul: Volatility in major domestic price variables has increased recently, the central bank said Thursday, vowing enhanced monitoring of the impact of risk factors on the domestic market. Bank of Korea (BOK) Deputy Gov. Yoo Sang-dai made the remarks while presiding over a market assessment meeting following the three-day Lunar New Year holiday through Wednesday.
According to Yonhap News Agency, during the holiday period, global financial markets remained relatively stable without major events. However, uncertainties persist, including concerns over major economies' monetary policy stances and fiscal expansion, debates over the profitability of artificial intelligence (AI), and geopolitical risks.
Yoo emphasized the need for continued vigilance, stating, "We will continue to closely monitor developments in risk factors and their impact on the domestic financial and foreign exchange markets with heightened vigilance." The central bank's commitment to monitoring comes amid ongoing discussions regarding the stability of global markets and their influence on the domestic economy.