Economist Who Predicted BOK Cut Sees More Easing Ahead

The video discusses a press briefing on the Bank of Korea's unexpected policy rate cut, despite concerns about housing prices and FX markets. It explores the reasons behind the decision, including market concerns and growth forecasts. The briefing highlights dissent among decision-makers and changes in the policy statement, such as removing housing prices and financial stability trade-offs. The video concludes with projections for future rate changes and inflation forecasts.

What was the main reason for the Bank of Korea's unexpected rate cut?

• Increase in export demand

• Concerns about housing prices

• Concerns about FX markets

• Pessimistic growth forecast

How many members opposed the BOK's rate decision?

• Two

• One

• Three

• Four

What key factor was removed from the BOK's policy statement?

• Inflation forecast

• Export demand

• Housing prices

• FX market concerns

What is the expected inflation forecast for next year according to the BOK?

• 2.5%

• 1.5%

• 1.9%

• 2.0%

To what level is the BOK expected to reduce the policy rate next year?

• 2.75%

• 2.5%

• 2.25%

• 2.0%