Bank of Korea has kept approximately three -year low rates stable
The photo, which was held on November 24, 2022, shows the building of the Bank of Korea Bok in South Korea’s Soul. South Korea’s central bank increased its policy rate to curb inflation on Thursday and increased the six back-to-back rate rate for the first time. (Wang Yiliang/Zinhua Photo through Gitty Images)
Wang Yiliang | Zinhua News Agency | Getty
South Korea’s central bank had its policy rate of 2.5%, keeping it in the lower three years of low.
South Korea’s economy has fallen in 0.2% quarter in the quarter of the quarter in the last three months due to weak construction activities and export growth, while it remained flat in one year by year.
Goldman Sax said in a letter last week that the introduction of a new mortgage loan restriction will “open the door” to reduce the rate in August.
According to Goldman, on the annual basis, the housing prices of Soul increased by more than 5 %. Step with remedies To extend the domestic loan rapidly.
The firm said that recent housing market developments have raised the BOK’s concerns over financial stability, considering that home loan growth has increased to 6 trillion van (27 4.27 billion) in May – the fastest fastest from October – and 7 trillion in June.
South Korea Cospi The winning victory to trade on 1,372.48 against the dollar gave a slight strengthening.
If US President Donald Trump fails a trade agreement with Washington, the country may face more financial heads by threatening to raise a 25% rate on all South Korea imports starting on August 1.
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