Bank of Korea Governor Rhee Chang-yong warns that President-elect Trump’s trade policies pose a greater threat to South Korea’s economy than the recent political turmoil. He cites potential tariffs and increased Chinese competition as key concerns, leading to a downgraded growth forecast.
South Korea’s consumer inflation eased more than expected in September, falling below the central bank’s target for the first time since early 2021. This cooling inflation has fueled expectations of an imminent interest rate cut by the Bank of Korea (BOK), with the next policy meeting scheduled for October 11th.
