'Rate cut' minority opinion emerges… October cut more likely

Bloomingbit Newsroom

Summary

Shin Seong-hwan, a Monetary Policy Committee member, reportedly voiced a minority opinion that it is necessary to lower the base rate to 2.25% per annum.
With the minority opinion emerging, it said the possibility of a rate cut at the next Monetary Policy Committee meeting scheduled for October has increased.
It said that with the minority opinion emerging, assessments have emerged that the possibility of a rate cut at the next Monetary Policy Committee meeting has increased.

The Bank of Korea said on the 28th that Shin Seong-hwan, a Monetary Policy Committee member, voiced a minority opinion at the Monetary Policy Committee's meeting on the direction of monetary policy that "it is necessary to lower the base rate to an annual 2.25%."

With the minority opinion emerging, assessments have emerged that the likelihood of a rate cut at the next Monetary Policy Committee meeting scheduled for October has increased.

Reporter Kang Jin-kyu josep@hankyung.com