Survey: Bank of Korea to Pause Rate Cuts in July
According to a report by Jinse Finance, all 33 economists surveyed by Reuters expect the Bank of Korea to keep its benchmark interest rate unchanged at 2.50% on July 10. However, they anticipate that rate cuts will resume next month to support economic growth in South Korea, where household debt remains high. Data from the South Korean government shows that in May, home mortgage loans increased by 5.6 trillion won ($4.1 billion), up from 4.8 trillion won in April. This rise may prevent the central bank from cutting rates consecutively, even though it remains on an overall easing path. (Jin10)
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
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
