The Bank of Korea is likely to maintain interest rates unchanged for the second consecutive time at Thursday's policy meeting. In a survey of 27 economists, 20 indicated they expect rates to remain steady, while the remaining 7 predicted a rate cut. Goldman Sachs economists, including Goohoon Kwon, stated in a report that maintaining a moderate stance of keeping rates unchanged would provide the Bank of Korea with room to monitor household debt trends, assess the effects of ongoing fiscal stimulus, and track the Federal Reserve's policy position. Goldman Sachs expects the Bank of Korea to cut rates in October. Most economists anticipate the Bank of Korea will slightly raise its 2025 gross domestic product and inflation forecasts, citing stronger-than-expected second-quarter economic growth data.
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