Bank of Korea Expected to Postpone Next Rate Cut Until October

According to ChainCatcher, Min Joo Kang, Senior Economist at ING, stated that the Bank of Korea is expected to postpone its next interest rate cut until October in response to the recent rise in domestic housing prices and household debt.
Kang pointed out that the Bank of Korea can act cautiously and focus more on financial stability, as inflation is expected to remain near the central bank’s 2% target for the foreseeable future. In June, the country’s overall consumer inflation rose 2.2% year-on-year, slightly above the market consensus of 2.1%. Core inflation, which excludes volatile food and energy prices, remained steady at 2.0% for the second consecutive month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Continuing Jobless Claims in the US Rise to 1.972 Million, Exceeding Expectations

Chainlink Achieves ISO 27001 and SOC2 Compliance Certification
Fed’s Bostic: Markets Will Provide Key Decision Clarity by Year-End
Trending news
MoreCrypto prices
More








