0422 GMT - The Bank of Korea could deliver two more rate cuts in 2H, which would bring the policy rate down to 2.0% by end-2025 to support the sagging economy, ING senior economist Min Joo Kang writes in a note. "The BOK's focus is now on fostering growth rather than anchoring inflation," Kang says after the central bank slashed its 2025 growth forecast for the country to 0.8% from 1.5% and cut the base rate by a quarter percentage point to 2.50%. Higher-than-expected U.S. tariffs are expected to dampen exports while sluggish construction investment is expected to undermine overall economic growth throughout this year, she says. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 00:22 ET (04:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.