The Bank of Korea today left interest rates unchanged (3.5%) for a third consecutive meeting, and pushed back against the possibility of early interest rate cuts. However, with inflation falling back, the economy struggling and the housing market downturn deepening, we still think there is a good chance the BoK will start loosening monetary policy later this year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.