The won rose against the dollar on Thursday after the Bank of Korea (BOK) hinted it may shift to easy monetary policy given further slowing inflation and record levels of household debt.。

Bank of Korea keeps benchmark interest rate at 3 at January policy meeting.5%, in line with market expectations。

In this way, borrowing costs remained unchanged for the eighth consecutive meeting。

The central bank raised interest rates seven times between April 2022 and January 2023, raising them by a total of 300 basis points.。

Min Joo Kang, chief economist at ING, told Reuters: "The Bank of Korea is in no hurry to cut interest rates, but the rising risk of default and potential harm to financial markets could eventually force them to act.。"

BOK's policymakers said they expect inflation to continue to slow, but the slowdown could slow as cost pressures build up.。

Annual headline consumer inflation is expected to fluctuate around 3% for some time before gradually slowing to 2% in 2024..6%。

Korea's Core CPI Inflation Expected to Remain at 2.About 3%。

USD / KRW rate edged down 0 as of Thursday 08: 25 GMT.36%, at 1,314.45。The won has risen from the 1,322 it touched yesterday..70-month low rally against the dollar。