Bank of Korea seen cutting interest rates by 25 bps in January

Quick Summary:

It said household debt growth, the biggest headache for the BOK last year, is decelerating on the back of a slowdown in housing transactions.“Notwithstanding the recent US dollar strength on the prospect of moderating Fed easing, we do not expect forex considerations to constrain the BOK’s room for policy changes as much as before,” said in a note released on Monday.

The South Korean won is forecast to hover in the mid-1,400s level against the dollar through the third quarter of 2025, according to global investment banks polled last month.

By contrast, Nomura and Barclays bet on a freeze in interest rates as the wild fluctuations in the domestic foreign exchange market pose a greater threat to local companies and financial markets.

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Category: Economy

Markets: South Korea

Topics: Month Forecast Hedging Rate Currency Korea Rates Strategic Last Interest Korean

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Article Type: News Report

Published On: 2025-01-14 @ 16:33:20 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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