Korean interest rates on course for 1%.

The Bank of Korea’s decision to cut its key official rate by a full percentage point to 3.0% today has already taken it to a historic low. But with incoming data pointing to an outright recession next year – possibly a severe and prolonged one at that – further rate cuts are inevitable.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.