Survey: Bank of Korea will suspend interest rate cuts in July "
According to online reports, 33 economists surveyed by Reuters all expect the Bank of Korea to keep its benchmark interest rate unchanged at 2.50% on July 10, but is expected to resume interest rates next month to support South Korea's economic growth with high household debt. South Korean government data showed that home mortgage loans increased by 5.6 trillion won ($4.1 billion) in May, up from 4.8 trillion won in April. The rise may prevent the central bank from cutting interest rates in a row, although it remains on the path of overall easing. (Jin Shi)
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