Financial authorities say Fed's rate hike to have limited market impact

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SEJONG, Sept. 17 (Yonhap) -- The U.S. Federal Reserve's decision to raise its key rate for the first time in more than three years to combat inflation is expected to have a limited impact on financial markets as expectations of the move had already been priced in, financial authorities said Thursday.

The assessment was made during a meeting chaired by Finance Minister Koo Yun-cheol and attended by Bank of Korea (BOK) Gov. Shin Hyun-song, Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov. Lee Chan-jin to review the impact of the rate hike.

Overnight, the Fed raised its benchmark interest rate by a quarter percentage point in its first hike since July 2023, bringing the target range to 3.75-4.00 percent while signaling the possibility of another increase later this year amid persistent inflation and high oil prices.

"The participants assessed that the Federal Reserve decided to raise the rate after considering the robustness of the U.S. economy, employment conditions, persistent inflation, the recent rise in oil prices and geopolitical uncertainties," the finance ministry said.

"The participants also assessed that the rate hike will have a limited impact on financial markets as the adjustment has already been reflected in market prices," it added.

The finance ministry said South Korea will work closely with relevant agencies to monitor the domestic financial and foreign exchange markets.

"The participants also assessed that volatility in the government bond market has been increasing due to changes in external conditions, including the U.S. rate hike," the ministry said, adding that they agreed to take market stabilization measures if necessary.

Financial Supervisory Service Gov. Lee Chan-jin (L), Finance Minister Koo Yun-cheol (2nd from L), Bank of Korea (BOK) Gov. Shin Hyun-song (2nd from R) and Financial Services Commission Chairman Lee Eog-weon (R) pose for a photo ahead of their meeting in Seoul on Sept. 17, 2026, in this photo released by the Ministry of Finance and Economy. (PHOTO NOT FOR SALE) (Yonhap)

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Financial authorities say Fed's rate hike to have limited market impact

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世宗，9月17日（韩联社）——金融监管机构周四表示，美联储为应对通胀而决定三年多来首次提高关键利率，预计对金融市场的影响有限，因为市场已经消化了这一预期。

此次评估是在财政部长具允哲主持的会议上进行的，韩国银行行长申铉松、金融服务委员会主席李玉元和金融监督院院长李灿镇出席了会议，以审查加息的影响。

隔夜，美联储将基准利率上调了0.25个百分点，这是自2023年7月以来的首次加息，将目标利率区间提高至3.75%-4.00%，同时暗示在持续的通胀和高油价的背景下，今年晚些时候可能再次加息。

财政部表示：“与会者评估认为，美联储在考虑了美国经济的稳健性、就业状况、持续的通货膨胀、近期油价上涨和地缘政治不确定性之后，决定提高利率。”

报告还指出，“与会者还评估认为，加息对金融市场的影响有限，因为市场价格已经反映了这一调整。”

韩国财政部表示，韩国将与相关机构密切合作，监控国内金融和外汇市场。

该部表示，“与会者还评估认为，由于包括美国加息在内的外部环境变化，政府债券市场的波动性一直在增加”，并补充说，他们同意在必要时采取市场稳定措施。

2026年9月17日，韩国金融监督院院长李灿镇（左）、财政部长具允哲（左二）、韩国银行行长申铉松（右二）和金融服务委员会委员长李玉源（右）在首尔会面前合影。这张照片由韩国财政经济部发布。（照片非卖品）（韩联社）

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金融当局表示，美联储加息对市场的影响有限。