PrintSocGen Previews This Week's Policy Meeting at the Central Bank of South Korea
BY MT Newswires | ECONOMIC | 07/08/25 12:31 PM EDT12:31 PM EDT, 07/08/2025 (MT Newswires) -- Societe Generale said it expects a unanimous pause at 2.50% at the upcoming Bank of Korea (BoK) Monetary Policy Committee meeting on Friday.
In terms of forward guidance, the bank believes all six MPC members will be open to a rate cut within the next three months due to three main reasons.
The market also expects a pause with a persistent hawkish tone, stated SocGen.
The bank revised its 2025 gross domestic product forecast from 0.5% to 0.7%, but without altering its expectations of two additional BoK rate cuts this year, projected for August and November.
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