(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] Morgan Stanley, a global investment bank, pointed to October this year as the time to cut its benchmark interest rate in Korea.

According to the financial investment industry on the 22nd, Morgan Stanley included this prospect in its report released on the 21st (local time). Kathleen O. Morgan Stanley economist said, "We are moving toward a gradual base inflation environment toward our goal."

The Bank of Korea has maintained its policy rate at 3.50% through 11 freezes since January. If the key rate cut in October becomes a reality, it will be the first time in a year and 10 months.

 

 

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