World Economy

S. Korea to Ease Policy

S. Korea to Ease PolicyS. Korea to Ease Policy

Most economists polled expect South Korea’s central bank to ease policy in the final quarter of the year, Dow Jones reported. A Wall Street Journal survey shows 13 of 20 economists forecast the Bank of Korea will cut the benchmark seven-day repurchase rate by a quarter of a percentage point to a fresh record low of 1.25% in the fourth quarter to support growth. The other seven economists predict no rate change through the end of the year. The central bank stood pat in the third quarter, opting to observe the impact of rate cuts in March and June.