Bank of Korea Expected to Postpone Next Rate Cut Until October
2025/07/02 03:58According 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
Ethereum ecosystem network reaches a new all-time high in daily average TPS
Customer data from companies such as JPMorgan, Citigroup, and Morgan Stanley may have been stolen
The US government transfers $7.5 million in crypto assets, including NEXO, WETH, and TRX