According to data from Jinshi, 33 economists expect the Bank of Korea to maintain the benchmark interest rate at 2.50% on July 10. Although a rate cut may be restored next month to support economic growth, the increase in mortgage loans may prevent consecutive rate cuts.
Data from the South Korean government shows that mortgage loans increased by 5.6 trillion won in May, up from 4.8 trillion won in April. This upward trend may affect the central bank's rate cut plans, although overall policy remains accommodative.