The South Korean won appreciated to around 1,465 per dollar on Thursday, reversing losses from the previous session as investors digested the latest policy signal from the Bank of Korea. The central bank maintained its benchmark interest rate at 2.5 percent, a decision regarded as supportive of currency stability amid gradually improving financial conditions. The rate hold, its fourth in a row, reinforced confidence that policymakers are focused on maintaining stability while guiding the economy through its broader easing phase. Adding to the positive sentiment, the Bank of Korea raised its economic growth forecast for South Korea to 1 percent for 2025, reflecting a recovery in domestic consumption and exports. The revision marked an increase of 0.1 percentage point from the previous projection of 0.9 percent issued in August.
