Bank of Korea Governor Lee Chang-yong: Five members are open to further interest rate increases.

Bank of Korea Governor Lee Chang-yong: One member said that the policy interest rate should remain two-way flexible.

Bank of Korea Governor Lee Chang-yong: The policy is at a restrictive level and the interest rate is much higher than the neutral interest rate.

Bank of Korea Governor Lee Chang-yong: Today’s interest rate decision was unanimously adopted.

The Australian dollar AUD/USD fell to 0.63, down 0.57% on the day.

Japanese Chief Cabinet Secretary Matsuno Hiroshi: It is expected that oil-producing countries will continue to work hard to maintain global market stability.

Bank of Korea Governor Lee Chang-yong: The impact of the conflict in the Middle East on the (South Korean) economy is still limited.

Bank of Korea Governor Lee Chang-yong: Turbulence in the Middle East may potentially increase market volatility.

Japanese Chief Cabinet Secretary Matsuno Hiroshi: Japanese Prime Minister Fumio Kishida did not discuss the issue of oil market stability in his recent phone call with the Saudi Crown Prince.

Japan’s Chief Cabinet Secretary Matsuno Hiroshi: Worried about the impact of energy prices on the global economy.

Philippine Military Chief Brauner: The Philippine military hopes to sign a visiting forces agreement with Japan.

Bank of Japan: The Bank of Japan proposed to purchase 100 billion yen of corporate bonds (CB) starting from October 24.

Bank of Korea: Rising geopolitical risks have increased uncertainty about economic growth prospects.

Bank of Korea: It may take longer to reach target inflation level.

Bank of Korea: We will monitor household debt growth.

Bank of Korea: We see upside risks to inflation.

Bank of Korea: Israel-Hamas conflict is one of the risks to upward inflation.

The MSCI Asia Pacific Index fell 1%.

Bank of Korea: Uncertainty about the growth path is high.