According to a survey released on Sunday, economic experts expect the Bank of Korea to keep the benchmark interest rate unchanged at the policy meeting later this week, but it is possible to raise interest rates at the next meeting. According to a media survey of six economists, everyone expected the Bank of Korea's monetary policy committee to keep the key interest rate unchanged at 3% at Thursday's meeting. Experts said that after the central bank raised interest rates twice in a row in July and August, it will take time to assess market conditions. Korea Investment Securities analyst An Jae-kyun said, “Although economic growth momentum is strong and there is still room for growth expectations this year, core inflation has stabilized to a certain extent, and the exchange rate has stabilized in the 1,330 won range. There is no sufficient reason to raise interest rates again.” The survey also showed that all six economists expected the Bank of Korea to raise interest rates again in November. Semiconductor exports strongly support economic growth, and consumer price inflation is expected to continue well above the target level of 2%.

According to a survey released on Sunday, economic experts expect the Bank of Korea to keep the benchmark interest rate unchanged at the policy meeting later this week, but it is possible to raise interest rates at the next meeting. According to a media survey of six economists, everyone expected the Bank of Korea's monetary policy committee to keep the key interest rate unchanged at 3% at Thursday's meeting. Experts said that after the central bank raised interest rates twice in a row in July and August, it will take time to assess market conditions. Korea Investment Securities analyst An Jae-kyun said, “Although economic growth momentum is strong and there is still room for growth expectations this year, core inflation has stabilized to a certain extent, and the exchange rate has stabilized in the 1,330 won range. There is no sufficient reason to raise interest rates again.” The survey also showed that all six economists expected the Bank of Korea to raise interest rates again in November. Semiconductor exports strongly support economic growth, and consumer price inflation is expected to continue well above the target level of 2%.