Acting President Choi Sang-mok on Friday instructed financial authorities to maintain around-the-clock monitoring of the financial markets ahead of major policy meetings next week, including the US Federal Reserve's rate-setting meeting.
Choi made the remarks during a weekly meeting on macroeconomic and financial issues, attended by Bank of Korea Gov. Rhee Chang-yong, as well as the chiefs of the Financial Services Commission and the Financial Supervisory Service, according to the Ministry of Economy and Finance.
"Recent financial and foreign exchange markets face heightened external uncertainties due to factors such as US tariff measures, retaliatory actions from other countries and growing concerns over an economic slowdown in the United States," Choi said.
The two-day Federal Open Market Committee meeting is set to begin Tuesday (local time), with the Bank of Japan also scheduled to hold its monetary policy meeting for two days from the same day.
Choi instructed to ensure close coordination among relevant agencies and maintain a 24-hour monitoring system to track global economic and financial market trends. (Yonhap)
