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Dimantyay03
@dimantyay03
💬Economic Concerns Grew Ahead of Bank of Korea Rate Cut, Minutes Show 📉Minutes from the October 11 meeting reveal that concerns over economic stability had intensified among Bank of Korea board members before a majority voted to lower the benchmark rate by 25 basis points. 📌Key Points: — At least five out of seven board members expressed concerns over slowing growth, weaker consumer spending, and challenges for small businesses. — Despite worries about property prices and household debt, most members concluded that the economic slowdown justified easing the policy rate’s restrictiveness. — A 50-basis-point cut by the U.S. Federal Reserve, which reduced pressure on the won, also supported the Bank of Korea’s decision to pivot. 🔍Given these considerations, South Korea’s economic growth is likely to be revised downward, casting further uncertainty on the 2025 forecast. #BankOfKorea #Economy #InterestRates #PropertyMarket #HouseholdDebt #DegenClub
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