This week, several Asian central banks will hold interest rate meetings. Among them, the Bank of Korea will hold an interest rate meeting on the 22nd (this Thursday).
South Korea's unemployment rate unexpectedly fell to its lowest level since October last year, giving the Bank of Korea the impetus to further postpone its policy shift. South Korea's statistics department said last Wednesday that the seasonally adjusted unemployment rate fell to 2.5% in July, from 2.8% in the previous month. Economists surveyed had previously predicted that the unemployment rate would rise slightly to 2.9%.
The Bank of Korea is expected to maintain its policy unchanged at its meeting next week. Many economists have recently pushed back their expectations for the central bank's shift to easing, predicting that October is the most likely time.
In addition, the central banks of Thailand and Indonesia will also hold interest rate meetings this week. Considering the continued decline in prices and slowing economic growth, both central banks are expected to announce rate cuts. (Jinshi)