Monetary policy easing should help South Korea's economic growth, IMF says
Tweet
Share
E-mail
FILE PHOTO: A general view shows an empty street during night time in Seoul, South Korea, October 31, 2024. REUTERS/Cynthia Kim/File Photo
SEOUL (Reuters) -South Korea's economic growth will be supported by some further easing in monetary policies as it has "sufficient policy space", the International Monetary Fund said on Wednesday.
"With inflation expectations well-anchored and risks to inflation broadly balanced, monetary easing will help bolster the growth recovery," the IMF said in a statement, wrapping up an annual country visit.
The IMF expects Asia's fourth largest economy to expand 0.9% this year, with headline inflation of about 2% both this year and the next.
(Reporting by Cynthia Kim; Editing by Clarence Fernandez)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US Justice Department and TikTok settle for $400 million in children's privacy suit, Axios reports
- Exclusive-US plans $725 million payment towards its large UN debt
- US HHS launches initiative to improve response to missing autistic individuals
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
