According to Jin Ten Data, Nomura Securities economist Jeong Woo Park stated that Korea's strong exports and increased fiscal spending may alleviate the Bank of Korea's concerns about economic growth and strengthen its hawkish stance at the policy meeting on July 10.
Park expects that the Bank of Korea will not lower interest rates again for the remainder of this year and will make its last rate cut of 25 basis points in February 2026, marking the end of the current easing cycle. Korea's exports rebounded in June due to strong semiconductor shipments, despite U.S. tariffs weighing on global trade. Nomura expects that strong chip-led exports will continue to support economic recovery in the second half of the year.