South Korea’s jobless rate rose in October, but it remains below 3%. The Bank of Korea is expected to keep policy unchanged in November amid concerns about property risk and volatile foreign exchange markets
The Bank of Korea held policy rates at 2.5%, with a dissenting vote raising expectations for an October rate cut. The BoK’s cautious growth view also suggests more rate cuts may be on the way in 2026
The Bank of Korea is expected to leave rates unchanged, while Bangko Sentral ng Pilipinas is seen easing. Other highlights include Tokyo inflation, India’s second-quarter GDP and China’s industrial profits
South Korea’s real GDP rebounded 0.6% in the second quarter, after shrinking in the January-March period, led by consumption and exports. Consumption is expected to take the lead as main growth driver in the second half thanks to supportive macro policies. Yet the timing of a Bank of Korea rate cut depends on housing prices and a trade deal
