Governor Rhee Chang-yong said in his remarks at a parliamentary session that disinflation was expected to continue after recent positive signs, while noting a pick-up in household debt growth and heightened volatility in foreign exchange markets.
The Bank of Korea is expected to keep its policy rate on hold at a 15-year high of 3.50% on Thursday and through the third quarter of 2024, before a 25-basis-point cut in the final quarter, around the same time as a likely start of policy easing by the U.S. Federal Reserve, according to a Reuters poll.
Source: Economy - investing.com
