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The Bank of Korea is expected to cut interest rates by 25 basis points on October 11
Bitget2024/10/07 08:51
On October 7, 20 of the 28 economists surveyed by the Wall Street Journal predicted that the Bank of Korea would cut interest rates by 25 basis points to 3.25% at its meeting on Friday, and the remaining 8 expected the Bank of Korea to postpone the rate cut until November.
Economists at Capital Economics wrote in a report that with inflation below target and economic activity data showing a further slowdown, the Bank of Korea is expected to launch an easing cycle at its Monetary Policy meeting on October 11. South Korea's headline inflation rate slowed to a 43-month low of 1.6% in September.
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