A global research firm has predicted that the Bank of Korea would raise its key rate this month to curb the overheated property market.
Nomura Financial Investment said in its latest report Sunday that the central bank is expected to hike the policy rate by a quarter of a percentage point to 1.75 percent in November in response to financial imbalances associated with higher house prices.
Nomura also forecast Korea's GDP growth to slow to 2.5 percent in 2019 and further to 2.3 percent in 2020.■
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