Summary
- The Bank of Korea's Monetary Policy Board said a dissenting opinion calling for a cut in the policy rate emerged.
- With the appearance of the dissenting opinion, assessments said the possibility of a rate cut at the October Monetary Policy Board meeting has increased.
- It said investors' attention is expected to focus on future interest rate policy changes.
The Bank of Korea said on the 28th that Monetary Policy Board member Shin Seong-hwan voiced a dissenting opinion that "it is necessary to lower the policy rate to an annual 2.25%."
With the emergence of the dissenting opinion, assessments have come out that the likelihood of a rate cut at the next Monetary Policy Board meeting scheduled for October has increased.
Reporter Kang Jin-kyu josep@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
