The Bank of Korea is expected to cut interest rates by 25 basis points on October 11

Bitget App

Trade smarter

Bitget2024/10/07 08:51

On October 7, 20 of the 28 economists surveyed by the Wall Street Journal predicted that the Bank of Korea would cut interest rates by 25 basis points to 3.25% at its meeting on Friday, and the remaining 8 expected the Bank of Korea to postpone the rate cut until November.

Economists at Capital Economics wrote in a report that with inflation below target and economic activity data showing a further slowdown, the Bank of Korea is expected to launch an easing cycle at its Monetary Policy meeting on October 11. South Korea's headline inflation rate slowed to a 43-month low of 1.6% in September.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

AB Charity Foundation continues to promote education and assistance in Timor-Leste: donates $500,000 in scholarships and materials worth $691,412 to support underprivileged children

A trader has started 5x long positions on ETH and HYPE, with a total position of approximately $36 million.