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10th Jul 2024 10:37China+Daily Monitor

  • The BoK held fast on the policy rate yesterday but shifted the focus to rate cuts.
  • Disinflation should continue in H2, despite the risks from higher import costs and the weak KRW.
  • Chip exports will likely drive GDP growth enough for the BoK to delay its first rate cut until October.

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Keywords for: 12 July 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence