Survey: Bank of Korea to suspend interest rate cuts in July
2025-07-08 01:01:33
All 33 economists polled by Reuters expect the Bank of Korea to leave the base rate unchanged at 2.50% on July 10, but expect to resume rate cuts next month to support growth in South Korea, where household debt is high. Mortgage lending rose 5.60 trillion won ($4.10 billion) in May, up from 4.80 trillion won in April, government data showed. The rise could prevent the central bank from cutting interest rates in a row, although it remains on a generally easing path. (Kim Ten)
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