BoK Governor Rhee says rate decision was unanimous, need to remain cautious on FX volatility

• 5 members see a 'high chance' of a hold in the next 3 months, 1 sees a cut in the near-term.
• Addressing FX volatility requires immediate steps as well as structural reforms.
• A weak KRW is not likely to trigger any financial crisis and have ample amounts of USDs. 

The BoK's unanimous decision indicates a cautious approach amid FX volatility, highlighting potential for near-term rate stability, as five members see a high chance of keeping rates steady. This suggests the central bank is prioritizing economic stability over aggressive monetary easing, despite one official advocating for a rate cut. The governor's remarks on the KRW imply a focus on long-term structural reforms rather than immediate interventions in the FX market, which could influence regional currency dynamics and investor sentiment.