Seoul: The finance ministry announced Thursday its intention to closely monitor the country's financial markets in response to the recent U.S. rate freeze, emphasizing ongoing uncertainties in global trade.

According to Yonhap News Agency, during an interagency meeting focused on macroeconomic and financial issues, chaired by Acting Finance Minister Kim Beom-suk, officials concluded that global financial markets have remained generally stable after the U.S. Federal Reserve decided to maintain its benchmark interest rate in the 4.25-4.5 percent range. This decision, the Fed explained, was influenced by rising employment figures and potential inflation risks.

On Wednesday, the Fed opted to keep the interest rate unchanged for the third consecutive time, citing increased uncertainty regarding the U.S. economic outlook.

The finance ministry further stated their plan to conduct weekly macroeconomic meetings to promptly address uncertainties related to a potential U.S. recession, trade tensions involving the U.S. and China, as well as Washington's tariff policies.

Additionally, the government committed to monitoring foreign exchange market volatility, especially following the significant recent appreciation of Asian currencies against the U.S. dollar.