BOK says will take data-driven approach to rate cuts, closely watch inflation, FX

The central bank said Thursday it will decide whether and when to implement further interest rate cuts next year by taking into account inflation, economic growth and financial stability conditions. "We will determine whether and when to make additional rate cuts based on a comprehensive assessment of incoming data, including developments in inflation and growth, uncertainties surrounding the growth and inflation outlook, and risks to financial stability," the Bank of Korea (BOK) said in its mon