More policy support in Korea looks to be on its way soon. The minutes from the Bank of Korea’s May meeting, point to more rate cuts over the coming months. Meanwhile, the new government has announced a US$14.7bn supplementary budget (0.85% of GDP), mostly in the form of spending vouchers. Elsewhere, the central bank in Pakistan left interest rates unchanged at its scheduled meeting this week, but we still see room for more policy easing before the end of the year. Finally, while Sri Lanka’s economy recorded another quarter of solid growth in Q1, the level of GDP remains about 15% below pre-pandemic levels.
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