Financial News: Bank Of Korea Vows To Take Measures To

Bank Of Korea Vows To Take Measures To Stabilize Markets

12/04/2024 - 02:31:00 (RTTNews)

(RTTNews) - The Bank of Korea decided to closely monitor the financial and foreign exchange market conditions and also vowed to take additional measures as needed.

The policy board of the BoK held an emergency meeting on Wednesday after President Yoon Suk Yeol declared martial law late Tuesday. However, lawmakers voted to reject the martial law and Yoon lifted the order.

The Korean financial and foreign exchange markets which had become highly volatile after the declaration of martial law, have now become somewhat stabilized after the lifting of the declaration, the central bank said.

"The Board decided to keep all options open and to actively take market stabilization measures until markets are fully stabilized," the bank said in a statement.

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