Citi: South Korea's GDP growth may slow slightly in the fourth quarter, paving the way for a rate cut next month
Citigroup analysts said that South Korea's GDP growth in the fourth quarter of 2024 may slow down slightly, which could pave the way for the South Korean central bank to cut interest rates again next month. Citigroup expects that after the third quarter GDP increased by 0.1% quarter-on-quarter and 1.5% year-on-year, the fourth quarter GDP is expected to increase by 0.1% quarter-on-quarter and 1.3% year-on-year. Citigroup pointed out that the fourth quarter GDP data to be released next week may show weak consumer, service, and construction data, but strong export and manufacturing data. Citigroup expects that after the dovish pause in rate cuts in January, the South Korean central bank will cut interest rates by 25 basis points again in February. (Jinshi)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institution: Bank of Japan expected to usher in the largest interest rate hike in 18 years
Trump was interviewed by Fox News this morning