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The South Korean Central Bank may hold its position this week.
[The Bank of Korea May Stand Pat This Week] The Bank of Korea is likely to keep the interest rate unchanged for the second consecutive time at Thursday's policy meeting. A survey conducted by The Wall Street Journal of 27 economists found that 20 economists expect no change in the interest rate, while the remaining 7 anticipate a rate cut. Economists at Goldman Sachs, led by Goohoon Kwon, stated in a report that maintaining a moderate stance will give the Bank of Korea room to monitor household debt trends, evaluate the effects of ongoing fiscal stimulus, and track the Fed's policy stance. Goldman Sachs predicts that the Bank of Korea will cut the interest rate in October. Most economists expect the Bank of Korea to slightly raise its GDP and inflation outlook for 2025, citing stronger-than-expected economic growth data for the second quarter.