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Fed pause buys BOK time, but domestic pressures persist
Fed pause buys BOK time, but domestic pressures persist SEOUL, October 29 (AJP) - The South Korean won and government bonds rose on Thursday after the Federal Reserve struck a less hawkish tone, easing pressure on the Bank of Korea to keep interest rates high. However, resilient economic growth and persistent inflation left the door open for another rate hike. The won traded around 1,334 per dollar at about 11:30 a.m., stronger than Wednesday's daytime close of 1,337.7. Government bonds also rallied. The three-year yield fell 4.4 October 29, 2026