BOK warns of uncertainties as gov't urges vigilance following Fed's rate freeze

The Bank of Korea says the U.S. Federal Reserve's rate freeze stands in line with widespread expectations and has warned of mounting risk factors amid geopolitical and trade tensions.

Separately acting President Choi Sang-mok has reiterated calls on economic and financial authorities to maintain close monitoring of markets here and of U.S. trade-related decisions.

He also echoed concerns by the central bank about growing external uncertainty over global trade and geopolitical stability given the fresh fighting in the Middle East and continued conflict in Ukraine.