Citi: South Korea's Central Bank may cut Intrerest Rate to 2.50% by 2026

Sina Financial News Citibank economists Jin-Wook Kim and Jiuk Choi said in a research report that South Korean Central Bank may gradually reduce the BenchmarkIntrerest Rate from the current 3.50% to 2.50% by 2026. They noted that the easing cycle could begin in August this year, two months earlier than Citi had previously expected. Assuming a slow pace of easing, the Central Bank will cut interest rates by 25 basis points each in August 2024, February 2025, August 2025 and February 2026. They added that the Central Bank removed the interest rate hike bias from its policy guidance, thus balancing the dovish and hawkish signals, but also ruled out a rate cut in the first half of the year.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)