South Korea Faces Economic Shift After U.S. Rate Cuts
==========
U.S. Federal Reserve cuts interest rates on September 19, 2024; South Korea's household debt at approximately 1,700 trillion won ($1.3 trillion); potential volatility in Korean markets anticipated; Bank of Korea (BOK) may face pressure to adjust rates; rising inflation and slowing consumer sentiment complicate economic landscape; South Korean government allocates $3.7 billion to secure supply chains; mortgage lending practices tightening; over one-third of unemployed youths living at home; BOK Governor Chang Yong-choo emphasizes vigilance in policy adjustments.
#SouthKorea #UsFederalReserve #InterestRates #Economy #HouseholdDebt #BankOfKorea #Inflation #YouthUnemployment #SupplyChains #FinancialMarkets
https://evrimagaci.org/tpg/south-korea-faces-economic-shift-after-us-rate-cuts-40669
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2024-09-19 09:51:33
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2024-09-19 09:51:33Event JSON
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"content": "South Korea Faces Economic Shift After U.S. Rate Cuts\n==========\n\nU.S. Federal Reserve cuts interest rates on September 19, 2024; South Korea's household debt at approximately 1,700 trillion won ($1.3 trillion); potential volatility in Korean markets anticipated; Bank of Korea (BOK) may face pressure to adjust rates; rising inflation and slowing consumer sentiment complicate economic landscape; South Korean government allocates $3.7 billion to secure supply chains; mortgage lending practices tightening; over one-third of unemployed youths living at home; BOK Governor Chang Yong-choo emphasizes vigilance in policy adjustments.\n\n#SouthKorea #UsFederalReserve #InterestRates #Economy #HouseholdDebt #BankOfKorea #Inflation #YouthUnemployment #SupplyChains #FinancialMarkets\n\nhttps://evrimagaci.org/tpg/south-korea-faces-economic-shift-after-us-rate-cuts-40669",
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