'Rate cut' minority opinion emerges… October cut more likely
Bloomingbit Newsroom
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- 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.
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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
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