Bank of Korea to kick off easing cycle with 25 bps cut on October 11: Reuters poll

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BENGALURU : The Bank of Korea will cut its key interest rate by 25 basis points to 3.25 per cent on Friday, according to a majority of economists polled by Reuters who expect that to be the only reduction this year as it attempts to balance growth and financial stability.

Inflation eased rapidly to 1.

"Persistent concerns around the housing market will make it difficult for policymakers to explicitly propose an additional rate cut in the near future, in other words, this would reduce the likelihood of a back-to-back rate cut in November," he said.

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Category: EconomyBusiness

Markets: SingaporeIndonesiaSouth Korea

Topics: Korea Rates Basis Cent Growth Bank Rate Last Year Cuts Points

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 08:40:24 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © Channel News Asia

News ID: 22943092

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