The Central Bank of AS-Korea Will Hold Interest Rates Amid Rate Uncertainty**
Leaders of the central banks of the United States (US), Europe, Japan, South Korea, and the United Kingdom plan to once again delay cuts to their national interest rates. This initiative arises due to uncertainty in rates and geopolitical circumstances.
Furthermore, the state of rates, rising inflation, and chaotic trade conditions threaten the risks of growth and inflation in these countries. Moreover, Fed Chair Jerome Powell indicated that there is no rush to make decisions regarding interest rates.
It is known that the event was attended by Powell, ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Rhee Chang. The event discussed the way forward in facing geopolitical instability.