Express
Bank of Korea Expected to Delay Next Rate Cut Until October
Summary: According to sources, Min Joo Kang, senior economist at Holland International Group, stated that the Bank of Korea is expected to delay the next rate cut until October to address the recent rise in domestic housing prices and household debt. Kang pointed out that the Bank of Korea can proceed cautiously, focusing more on financial ...
According to sources, Min Joo Kang, senior economist at Holland International Group, stated that the Bank of Korea is expected to delay the next rate cut until October to address the recent rise in domestic housing prices and household debt.
Kang pointed out that the Bank of Korea can proceed cautiously, focusing more on financial stability, with inflation expected to remain near the central bank's 2% target in the foreseeable future. The country's overall consumer inflation in June rose by 2.2% year-on-year, slightly higher than the market's general expectation of 2.1%. Core inflation, which excludes volatile food and energy prices, remained stable at 2.0% for the second consecutive month.
