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.
By Min Joo Kang
Producer prices rose 2.5% YoY in June, accelerating for the seventh straight month
Read the full article on Seeking Alpha
For further details see:
Producer Prices Rose Modestly In South Korea While Market Waits For Q2 2024 GDP On Thursday