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, ‘\nThe Bank of Korea’s Monetary Policy Committee decided to keep the key interest rate unchanged today (22nd) citing concerns over housing prices and household debt.’,
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, ‘\nOn the other hand, it evaluated the inflation trend positively.’,
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, ‘\nThe Monetary Policy Committee stated in the resolution of the morning meeting on policy direction that “although the inflation rate continues to slow and domestic recovery momentum is sluggish, it is necessary to further examine the impact of government real estate measures and changes in global risk aversion sentiment on financial stability such as housing prices in the Seoul metropolitan area and household debt.”‘,
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, ‘\nIn the same context, concerning the future direction of monetary policy, it announced, “As housing prices in the Seoul metropolitan area continue to rise, and household debt continues to increase alongside lingering caution in the foreign exchange market, it is necessary to examine the effects of government real estate measures and the impact of increased volatility in international financial markets,” and further stated, “Therefore, going forward, while maintaining a tightening stance on monetary policy, close scrutiny will be paid to trade-offs among policy variables such as inflation, growth, and financial stability to consider the timing of a key interest rate cut.”‘,
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, ‘\nRegarding the domestic economy, it forecasted that “amidst ongoing export growth, consumption is gradually recovering, maintaining a moderate growth trajectory,” but also noted that “the growth rate for this year is expected to be slightly lower at 2.4%, down from the May forecast (2.5%), reflecting a larger-than-expected impact from temporary factors driving strong growth in the first quarter.”‘,
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, ‘\nAs for inflation, it was expected to continue to slow down due to the base effect of last year’s sharp increase in international oil prices and agricultural product prices, as well as low demand pressures.’,
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, ‘\nThe Monetary Policy Committee analyzed, stating, “Consumer price inflation is expected to fluctuate in the early 2% range for the time being,” and projected, “The annual inflation rate for this year is forecasted to be 2.5%, slightly lower than the May projection (2.6%). The future path of inflation will be influenced by international oil prices, exchange rates, agricultural product prices, and public utility adjustments.”‘,
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, ‘\nFurthermore, regarding overall growth and inflation, it expressed a generally positive view, stating, “Amid growing confidence that the inflation rate will converge towards the target level (2%), it is expected that the domestic economic growth trend will gradually improve.”‘,
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, ‘\n(Photo=Yonhap News)\n’]