The Bank of Korea has lowered the lowest level to increase the lowest growth from August twenty22
People, on December 9, 2024, South Korea passes over the Korean exchange (KRX) building in Seoul.
Daniel Ceng | Anatolia | Getty pictures
South Korean Cut rates of the Central Bank The lowest points since August 2022 on Tuesday are trying to stimulate an economy.
The Korean bank has reduced up to 3% to 3.75% of the Economists, which is estimated by Reuters to 2.75%, and the expectations of economists in four meetings for the third meeting.
The decision continues to fight political uncertainty in the judiciary of South Korea, President Yoon Suk Yeed.
The country’s Constitutional Court will Call for the last meeting of Yoon’s impeachment judgment Tuesday, according to local media.
Immediately after the decision, the country’s benchmark Cassapy The exchange index weakened 0.2% to trade 0.46%, South Korea in 1431.3 in US dollars.
CNBC’s “Squawk Box Asia“Alex Holmes, Asian Research Director in the Asian Economist Intelligence, Bok was not more slowly, he said he expects the ratios to cut faster.
Bok was first worried about financial stability, as well as to re-investigate the housing market and domestic debtHowever, in December, the Battle of the Battle of the Battle of the Battle of the Law, South Korea’s sense of consumer and businesses in South Korea, said the balance of the risks is dragged towards the economy.
“It will be worried about supporting the economy and inflation, and these concerns about home debt will probably take a little back seat,” he said.
South Korean GDP Increase in the fourth quarter According to previous estimates, continuing the slowest expansion of 1.2% in six quarters, and missed expectations. Shit, slowed down and went to weakness in the construction sites.
The expansion of a properties of the US dollar and South Korea has not seen a meaningful bond capital, in the beginning of this month in a record in the country in the country, the financial industry and foreign capital flow.
Min Joo Kang, South Korea and Japanese chief economist, last week’s celebration of political aggregations in Seoul said that South Korea has gained more weakness.
He said inflation would remain in the target of 2% of shit, which will give more space to reduce the ratios between the Trump’s leadership. South Korean Inflation in January He rose to six months of 2.2%, but still close to 2% shit.
However, Kang, price cuts, warned that internal household debts and property prices can accelerate.