Asia Drop-In: When will the Bank of Korea step in to support growth?

With the Korean economy slowing and stability concerns growing around the property sector, will the Bank of Korea show it’s ready to move towards policy easing?

Economists from our Asia team held a briefing shortly after the Bank’s July meeting to discuss Korea’s economic and policy outlook. During this 20-minute session, the team we answered questions and addressed key issues, including:

• Why 2023 will be the worst year for Korean growth – outside COVID – since the GFC;
• Whether the property sector downturn threatens economic and financial instability;
• When the Bank of Korea will cut rates – and how quickly it will do so.