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FLKR - Producer Prices Rose Modestly In South Korea While Market Waits For Q2 2024 GDP On Thursday
Franklin FTSE South Korea
2024-07-23 08:04:00 ET
Summary
Producer prices rose slightly in June, and the market’s attention will be focused on second quarter GDP.
If GDP comes in lower than expected, it will complicate the Bank of Korea’s policy decisions, as it will have to decide whether to focus more on weak domestic demand or stabilising household debt.
If the property market doesn’t calm down and household debt continues to rise, then the BoK may delay its first-rate cut beyond October.
