Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points to 2.75% on Tuesday, marking the third rate cut in the current easing cycle. The move comes as policymakers shift focus to economic growth amid lingering uncertainties.
The decision, widely expected by economists, reflects the central bank’s efforts to support the slowing economy while balancing inflationary pressures. A Reuters poll of 36 economists found that all but one had predicted the rate cut.
BOK Governor Rhee Chang-yong is set to address the decision in a livestreamed news conference at 0210 GMT via YouTube. Investors and analysts will closely watch his remarks for insights into future monetary policy moves and economic forecasts.
With global economic uncertainty and domestic growth concerns mounting, the central bank's latest rate adjustment aligns with broader efforts to maintain financial stability. Market participants anticipate further guidance on the trajectory of interest rates in the coming months.
