What is the CPI forecast for 2024?
Bank of Korea Leaves Key Interest Rate Steady at 3.5% as Expected
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Business, Mathematics
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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.
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How has the 2024 GDP growth forecast changed since May?
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