Tag: federal funds rate

federal funds rate

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Finance Minister Choo Kyung-ho, second from right, speaks at a meeting held in central Seoul Thursday after the Federal Reserve held the rate steady for the first time after 15 months of hikes. [MINISTRY OF ECONOMY AND FINANCE]

Finance Ministry pledges continued vigilance after Fed decision

Korea will stay vigilant as uncertainties in future monetary policy operations remain, Finance Minister Choo Kyung-ho said Thursday.

2023.6.15

Finance Minister Choo Kyung-ho, second from right, at a meeting with financial regulators in central Seoul Thursday. [MINISTRY OF ECONOMY AND FINANCE]

Choo vows vigilance even as Fed holds rates steady

The Federal Reserve's decision to keep rates unchanged was in line with market expectations, Finance Minister Choo Kyung-ho said Thursday.

2023.6.15

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Bank of Korea Gov. Rhee Chang-yong, left, and Finance Minister Choo Kyung-ho at a meeting held Thursday morning in Incheon following the Federal Reserve's decision to raise the rate by 25 basis points. [BANK OF KOREA]

Fed's dovish signalling a plus for Korea

Indications that U.S. rate increases will be halted for now are a big plus for Korea's financial and foreign exchange markets, Korean financial regulators and the country's central bank said Thursday.

2023.5.4

Finance Minister Choo Kyung-ho, second from right, and Bank of Korea Gov. Rhee Chang-yong, second from left, pose for a photo in a meeting held in central Seoul on Thursday. [YONHAP]

Respite from monster U.S. rate rises plays well in cautious Korea

A respite from monster three-quarter-point U.S. rate increases was met with hope in Korea, and with a sense of caution, as a myriad of risks still remain and the possibility of a return to hawkishness is still very much a threat.

2022.12.15

Finance Minister Choo Kyung-ho speaks at a meeting held with chiefs of the Bank of Korea, the Financial Services Commission and the Financial Supervisory Service in central Seoul on Thursday. [YONHAP]

Domestic market on mend according to financial authorities

The domestic financial market is starting to recover from the U.S. Fed’s slowing rate increase and the government’s market stabilization measures, said financial authorities Thursday.

2022.12.15

Finance Minister Choo Kyung-ho speaks at a meeting held to discuss the economy in central Seoul on Thursday. [YONHAP]

Korea vows vigilance as U.S. rates rise above local interest rates

Korea will take pre-emptive measures to prevent market volatility in the wake of the U.S. Federal Reserve's 75-basis-point rate increase Wednesday, Finance Minister Choo Kyung-ho said.

2022.7.28