BOK Chief Says Korea Won’t Automatically Follow U.S. Rate Moves

Bank of Korea Governor Shin Hyun-song stated during a speech at the 2026 Jackson Hole Economic Policy Symposium that the central bank will not automatically follow U.S. interest-rate moves. Instead, Korea's monetary policy decisions will be based on domestic economic and financial conditions, such as financial stability and the central bank's policy objectives.

Shin also expressed support for the "quiet Fed" theory, which advocates for central banks limiting their guidance to allow markets to interpret economic information independently. He highlighted the importance of addressing growing financial-system vulnerabilities in Korea, such as rising property prices and household debt, and warned of potential risks to the won-dollar exchange rate.

Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.