The Bank of Korea today left interest rates unchanged as expected, but the central bank’s accompanying statement and the commentary from Governor Rhee were much more hawkish than anticipated. This reduces the chances of the central bank resuming rate cuts later this year. But with economic growth set to slow and inflation under control, it is too early to rule out further rate cuts altogether.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services