Jeong Woo Park, an economist at Nomura Securities, predicts that the Bank of Korea may start a rate-cutting cycle in October and may cut the policy rate from the current 3.50% to 2.75% by the end of 2025. Park pointed out that the Bank of Korea's decision to keep interest rates unchanged on Thursday seemed "dovish". At the meeting on August 22, four policy committee members were open to cutting interest rates in the next three months, a significant increase from two at the July meeting. If the government succeeds in stabilizing the domestic real estate market, the October rate cut is likely to become a reality, marking the official entry of the Bank of Korea into an easing cycle. This move will undoubtedly have a profound impact on the market and deserves close attention.

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