The Bank of Korea is raising the possibility of raising the base interest rate in August due to the continued rise in core inflation despite a slowdown in consumer price increases in July. The second-quarter economic growth rate exceeded expectations, and it is expected that upward pressure on prices will increase due to increased demand. The governor of the Bank of Korea emphasized that he considers core inflation to be important. However, considering that the consumer price increase trend slowed down in July due to the decline in exchange rates and the government's measures to stabilize prices, there is also a possibility that the base interest rate will be frozen in August and raised in October or November.
