Bank of Korea Leaves Key Interest Rate Steady at 3.5% as Expected

The video discusses the unchanged interest rate at 3.5% and concerns about financial stability due to high household debt. It highlights economic risks for South Korea, including a weaker growth outlook linked to China's slowing economy. The 2023 GDP growth forecast remains at 1.4%, while the 2024 forecast is downgraded to 2.2%. Inflation forecasts for 2024 are consistent with previous estimates at 2.4%. CPI inflation is also consistent with earlier estimates.

What has been the interest rate since January?

• 4.0%

• 3.5%

• 4.5%

• 3.0%

What is one of the financial concerns mentioned in the first section?

• Decreasing inflation

• Increasing interest rates

• High household debt

• Low household debt

What is the 2023 GDP growth forecast for South Korea?

• 1.4%

• 1.6%

• 2.4%

• 2.0%

What is the CPI forecast for 2024?

• 2.8%

• 3.0%

• 2.4%

• 2.0%

How has the 2024 GDP growth forecast changed?

• Increased to 2.5%

• Decreased to 2.2%

• Remained at 2.3%

• Increased to 2.3%