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2025-09-16 13:03:42
[Nomura: The Bank of Korea may cut interest rates continuously to boost consumption] Nomura Securities' latest report pointed out that the probability of the Bank of Korea cutting interest rates continuously in October and November has increased in order to promote a more sustainable consumption recovery. Economist Jeong Woo Park said in the report that the stimulus effect of the consumption vouchers issued by the South Korean government is limited, and the related expenditures are mainly concentrated in the food category, and the spillover effect on overall household consumption is insufficient. Policymakers may turn to more global policies to maintain the recovery momentum rather than relying on one-time short-term measures. Nomura maintains its baseline forecast, expecting the Bank of Korea to cut interest rates by 25 basis points in October, and then cut it by another 25 basis points in February next year.
